Global Flows in a Digital Age

A report released by McKinsey Global Institute (MGI) shows that global flows are playing an ever-larger role in determining the fate of nations, companies, and individuals. "To be unconnected is to fall behind," says MGI. "We find that countries with a larger number of connections in the global network of flows increase their GDP growth by up to 40 percent more than less connected countries do." In addition, MGI found that knowledge-intensive flows are growing faster than the labor-intensive or capital-intensive variety and that "the next era [of globalization] will center on the rise of the global knowledge economy."