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

Future of Globalization: Awareness and Orientation

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.

Osaretin Kayode Omoregie
Osaretin Kayode Omoregie

What do you think the future of globalization looks like? 

If we think of globalization as the apparent “shrinking” of the world as a result of the increasing pace of integration of people and cultures across international borders—driven by information technology, social media, ease and speed of travel, global trade and internationalization of businesses—it is safe to assume that this trend will continue well into the future. 

How will this affect the economy in your country or region?

Globalization will continue to have a profound impact on the lives, culture, standard of living, economic structures, and wealth distribution of people and nations.

The effect on Africa and Nigeria will depend on how we prepare for and take advantage of the positive effects of globalization, while acting to deflect its adverse consequences. Some of these adverse impacts are income inequalities, xenophobia, unsustainable development, exploitation of the educationally, socially and economically disadvantaged, and the portability of terrorism. 

On the positive side, globalization has improved trade, technology adoption, access to and quality of education, health care delivery, social awareness and poverty alleviation.

How is your school preparing students for this world?​

The curriculum and pedagogy at the LBS accepts globalization as inevitable. Global awareness and orientation is an integral part of the mission of the school, as enshrined in our Assurance of Learning (AoL) framework. Students are taught to be aware of and to understand local and global business issues and their impact on all aspects of human existence. They learn to apply international best practices for the sustainable resolution of domestic problems within a global context. This is facilitated by for example, outbound and inbound international exchange programs.

Students develop competencies, behavioral changes, and frames of reference that enable them contribute to the positive diffusion of the benefits of globalization within their local operating or international context.