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International Press / 2011

"The Seven Secrets of Successful Globalization"     
The Wall Street Journal
July 31, 2011

A fashionable consensus among MBA students, managers and luminaries such as Colin Powell, George Soros and Tom Friedman, to name but a few, has been building around the notion that the world is globalized - that borders don't matter at all.

But fashion is no substitute for the facts - so consider some data about globalization.

Despite the perception that people, money, trade and information are more mobile than ever before, the reality is somewhat different.

Take people. First-generation immigrants represent only 3% of the world's population and the percentage of the world's population comprised of immigrants is the same as it was in 1910.

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