While corporate revenue and profit growth have been enhanced by globalization, this trend has clearly created strains on those regions and towns in 1  developed countries that have seen jobs and significant portions of key industries relocate to other geographic regions, now benefitting in terms of employment and production spillovers.
As global trade between countries has expanded, economic conditions in one nation now have a greater potential to impact economic conditions in others, through the trade of goods and services as well as through capital flows and labour market dynamics. Global frontier firms, such as the major players in the tech industry (the “Big Tech”) are best placed to take advantage of network effects.