B2B Integration Enables Global Flows in Digital age
- April 23rd, 2014
- By: Navdeep Sidhu
A new McKinsey Global Institute (MGI) report, Global flows in a digital age: How trade, finance, people, and data connect the world economy, examines the inflows and outflows of goods, services, finance, and people, as well as the data and communication flows that underlie them all, for 195 countries around the world.
In the inter-connected economy these flows enable global trade. The study indicates that flows of goods, services, and finance reached $26 trillion in 2012, or 36 percent of global GDP, 1.5 times the level in 1990.