1. What Is Globalisation And Is It Good? What is globalisation?

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Twenty years ago it was almost unimaginable that a South Korean firm would be a global car giant, that an Indian firm would be one of the world’s largest technology outfits or that a Chinese internet colossus would list on an American stock exchange. Today those things are facts of life. If it proves flexible enough, Asian business will continue to power ahead. Perhaps in 20 years’ time Unilever will be run from Singapore and report its results in renminbi, and McDonald’s will sell Maharaja Macs in New York as well as Mumbai. A new global digital-entertainment empire for the elderly may be based in Tokyo, and the world’s biggest bank may be China Mobile. Even The Economist might be Asian-owned—and written beautifully by machines.

From the print edition: Special report

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