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.
As international politics indicate a shrinking space for global cooperation, business schools have to emphasize—now more than ever—the essence of connectedness and the critical power of globalization. Because of an increasing shift from global to regional, along with rising nationalism and populism, it becomes harder for businesses to grow and economies to prosper. The internet seems to further reinforce societal polarization. The influence of digital technology also undermines the support of quality journalism.; when there is a lack of diversity of digital voices, harmonious groups reinforce each other and create a comfortable bubble of like-minded information. Despite political and technological trends toward regionalism, however, the immense usage of the internet will continue to foster international trade and people’s connectedness.
It is crucial for business schools to educate future leaders with multiple perspectives and global mindsets. We need to embrace diversity and learn from each other’s differences.
Economic advancement is only possible if we strive for a globalized and flat world. Only through global cooperation can nations overcome issues like extreme poverty, economic instability, environmental deterioration, and social inequality. Future management education has to promote global cooperation, entail the neccessities of technological advancement, and enable leaders to embrace ambiguity.