An Ideas-Based Online Magazine of the Global Network for Advanced Management

Future of Globalization: Alternative and Novel Solutions

To coincide with the fifth anniversary of the Global Network for Advanced Management in April 2017, Global Network Perspectives asked faculty across the 29 schools in the network: "What do you think the future of globalization looks like? How will this affect the economy in your country or region? How is your school preparing students for this world?" Read all of the responses. Also, in a session at the anniversary symposium, a panel of experts—including former U.S. Secretary of State John Kerry—led a discussion of the future of globalization and its implications for business and management education. Watch the video.

The current global climate threatens to curb the collective progress made among nations as a more isolationist approach tries to take hold in the political and economic sectors. In this atmosphere, there is bound to be some detrimental fallout in economic advancement, stunting the ease of cooperation between Central America and other countries. 

The very nature of INCAE fosters global perspectives, as students from countries from all over the world learn to value the diverse perspectives of their peers. Working as an eclectic team to accomplish their goals, students are taught to be problem-solvers—to look beyond the current landscape and imagine more efficient ways to achieve goals in spite of what may appear to be insurmountable barriers. Rapidly expanding technology, with its proliferation of information, can help in this problem-solving by fostering an alternate way to maintain global connectivity that is difficult to ban at geographical borders. 

The idea exchange that technology can provide allows Central American businesses and entrepreneurs to proliferate right where they are—opening doors to the kind of international synergy that boosts economic progress within their own countries. INCAE works to instill a mindset in students in which technology can be used to bridge the globalization gap between countries in the business world. Perhaps this new necessary reliance on technological versions of interconnectedness will actually hasten development and economic advancement in ways that would not have otherwise been possible. 

INCAE’s vision is one in which its students come away from their education with a positive outlook, despite current or future global hardships, because they have learned strategic ways to create alternative and novel solutions for progress and growth. Such preparation to engage in innovative thinking—regardless of the challenges of the circumstance—is the kind of perspective Central America needs in order to continue its progress toward achieving economic prosperity locally as well as contributing to such progress globally.