The view as we see it:

As we speak with business-owners, managers and business executives around the nation, our conversations often focus on the challenges their particular organizations are facing in a business environment that is becoming dramatically more global. All of us face daunting issues, greater opportunities for risk and reward as we strive to achieve high performance in an increasingly complex state, national and international environment.

PCL Strategies, LLC recently reviewed the results of a new research study–Rise of the Multi-Polar World–which attempts to identify and comprehend the forces creating a new era of globalization. The study confirms that we are moving from an era of geographically / geo-politically -concentrated economic powers to one that has multiple centers of economic and business activity in other words, the multi-polar world.

For much of recent history, the global economy has been dominated by the triad economies of the United States, Europe and Japan. But globalization, a force that has been shaping the political and commercial world for decades, is entering a new and more complex phase. As globalization continues to evolve, the distribution of economic power is becoming more dispersed between the developed and developing worlds.

This data provides that: The developing world today accounts for 49 percent of the global GDP, up from 39 percent in 1990, and it is likely to surpass the developed world within the next two decades. In 1990, Russia and Brazil were the only emerging markets among the world‚s 10 largest economies. Today, that list includes China at No. 4, and by 2015, India and South Korea are predicted to be ranked among the top 10. The emergence of these, and other economies, represents the biggest shift in relative economic strength in the global economy since the rise of the United States as an economic power more than a century ago.
The study, identify the key trends and implications, as well as some of the distinctive capabilities that multinational companies will need to compete. According to the study, increased economic interdependence is the “name of the game” as demonstrated by the five key dimensions that make up the multi-polar world: demand for natural resources; competition for global talent; growth in potential consumers; increase of investment of overseas markets from emerging economies; and last, globalization of innovation.

Multinational companies from both the developed and emerging economies must understand these trends if they are to achieve­–and sustain–high performance. It is clear that our global economy is at a critical turning point… and today’s business leaders will be judged by how well they adapt to the multi-polar world.

­PCL Strategies, LLC is committed to providing the services to Michigan Companies that grow Michigan‚s economic infrastructure, support Michigan commerce and develop multi-tiered local community resources that keep Michigan employment levels at 1998 levels, with the most highly educated employment force in the ever expanding and demanding global economy.