Globalization scenarios – challenges and responses
The global economy is experiencing a period of rapid upheaval. Technological advances and growing rivalries are tugging at the world’s power structures as major economic players engage in a geostrategic competition. The United States, China, Europe and other ambitious actors must align their economies to reflect the emerging realities. The Covid-19 pandemic, moreover, is giving this development both a unique dynamic and an indefinite outcome. What the world order will eventually look like remains completely uncertain. In light of the many possible contingencies, the Bertelsmann Stiftung, with support from the Federation of German Industries (Bundesverband der Deutschen Industrie, BDI), organized a series of workshops at which various configurations of
future developments were discussed along with their impact on the German economy. In cooperation with the Fraunhofer Institute for Systems and Innovation Research (ISI) and representatives from business and politics, five scenarios were developed on what the future of globalization might look like. The scenarios served as the basis for some 30 discussions involving over 70 participants from business organizations, trade associations and political institutions. The key questions were the impact the individual scenarios would have on German companies, along with potential responses and strategic conclusions.
Thank you for visiting the official website of the European Parliament. European Parliament is the only directly-elected body of the European Union. The 751 Members of the European Parliament are there to represent you, the citizen. They are elected once every five years by voters right across the 28 Member States of the European Union on behalf of its 500 million citizens.