Mobility – October 2019 - 8

PERCEPTIONS

Are We Slowbalizing?

A

bout four years ago, Dutch trend watcher Adjiedj
Bakas coined a term to describe a growing reaction
against globalization. Observing a worsening economic
imbalance, rising nationalism, growing numbers
of leaders embracing populist themes, and shifting
foreign policy, Bakas dubbed it "slowbalization."
When globalization slows, it's usually because
several events are occurring in tandem. In today's world, tariffs might be one
of the most obvious markers, but there are also issues like changes to multicountry trade pacts that have an impact, or the challenge that Brexit brings to
prospects for global business and workforces.
There's one school of thought that a little global slowing might not be so bad;
that it can give countries breathing space to build or reimagine the institutions
and infrastructure needed to leverage opportunities. After all, when movement
slows in one country, it changes the dynamics worldwide-and countries that
are ready to expand or enter new markets have more options. Canada is one
such example: Rather than reducing immigration, the country introduced its
Express Entry program, an accelerated application process for skilled immigrants who want to settle in permanently.
While we haven't seen this precise landscape before, we've seen parts
of it, and business mobility always prevails. First, as I am fond of saying,
we cannot put the genie back into the bottle: We're a far too interconnected
world to go backward. And we're a practical industry. We know that companies that want to expand will find a way and a place to do so-if they
cannot do business in one region, they'll simply suss out a Plan B to set the
stage for growth. And we'll help them do it. In times like these, you won't
find us slowbalizing: We'll be strategizing.
Cheers,

PEGGY SMITH, SCRP, SGMS-T

President and Chief Executive Officer
Worldwide ERC®

8 Mobility | October 2019



Mobility – October 2019

Table of Contents for the Digital Edition of Mobility – October 2019

Mobility – October 2019 - Cover1
Mobility – October 2019 - Cover2
Mobility – October 2019 - 1
Mobility – October 2019 - 2
Mobility – October 2019 - 3
Mobility – October 2019 - 4
Mobility – October 2019 - 5
Mobility – October 2019 - 6
Mobility – October 2019 - 7
Mobility – October 2019 - 8
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Mobility – October 2019 - Cover3
Mobility – October 2019 - Cover4
https://www.nxtbook.com/ygsreprints/WERC/mobility-june-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-may-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-april-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-march-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility-february-2021
https://www.nxtbook.com/ygsreprints/WERC/mobility_122020
https://www.nxtbook.com/ygsreprints/WERC/mobility_112020
https://www.nxtbook.com/ygsreprints/WERC/mobility_102020
https://www.nxtbook.com/ygsreprints/WERC/mobility_092020
https://www.nxtbook.com/ygsreprints/WERC/mobility_082020
https://www.nxtbook.com/ygsreprints/WERC/mobility_072020
https://www.nxtbook.com/ygsreprints/WERC/mobility_062020
https://www.nxtbook.com/ygsreprints/WERC/mobility_052020
https://www.nxtbook.com/ygsreprints/WERC/mobility_042020
https://www.nxtbook.com/ygsreprints/WERC/mobility_032020
https://www.nxtbook.com/ygsreprints/WERC/mobility_022020
https://www.nxtbook.com/ygsreprints/WERC/mobility_012020
https://www.nxtbook.com/ygsreprints/WERC/mobility_122019
https://www.nxtbook.com/ygsreprints/WERC/mobility_112019
https://www.nxtbook.com/ygsreprints/WERC/mobility_102019
https://www.nxtbook.com/ygsreprints/WERC/mobility_092019
https://www.nxtbook.com/ygsreprints/WERC/mobility_082019
https://www.nxtbook.com/ygsreprints/WERC/mobility_072019
https://www.nxtbook.com/ygsreprints/WERC/mobility_062019
https://www.nxtbook.com/ygsreprints/WERC/mobility_052019
https://www.nxtbook.com/ygsreprints/WERC/mobility_042019
https://www.nxtbook.com/ygsreprints/WERC/mobility_032019
https://www.nxtbook.com/ygsreprints/WERC/mobility_022019
https://www.nxtbook.com/ygsreprints/WERC/mobility_012019
https://www.nxtbookmedia.com