Globalization has arrived, connecting everything and everyone and allowing the best ideas, talent and investments to flow where they can create the most value. In the 21st century, the issue is not “what will globalization do to me?” Rather, it is “how can I get work and investment to flow to me?” Nations, regions and people who figure out the answer to this question will prosper.
Globalization need not equate to job loss, lower wages and falling living standards. In fact, globalization can be a “race to the top” and not a “race to the bottom.” The interconnectivity of the global economy demands engagement, not retrenchment. It is not a question of winners and losers, but of identifying and building on America’s competitive advantages.