The third driver to the current revolution in business and institutions is shifting demography and not just age, but of culture. Global migration is the least understood and least governed area of globalization. The labor pool and customer base is being shifted in ways that have far reaching implications and you should take note of it. The video from the Economist above reflects migration patterns and economic implications.
Theorists sometimes call the movement of people around the world the "third wave" of globalization, after the movement of goods and the movement of money that began in the previous century. Trade and finance follow global norms and are governed by institutions: the World Trade Organization, the World Bank, the International Monetary Fund. There is no equivalent group with “migration” in its name. The most personal and perilous form of movement is the most unregulated. States make and often ignore their own rules, deciding who can come, how long they stay, and what rights they enjoy.
A recent NYT report titled, "Global Mogration, A World Ever More on the Move" pointed to this and other important facts as the globalization of cultures is increasingly having an impact on our world.
"While global trade and finance are disruptive — some would argue as much as migration — they are disruptive in less visible ways. A shirt made in Mexico can cost an American worker his job. A worker from Mexico might move next door, send his children to public school and need to be spoken to in Spanish.
One reason migration seems so potent is that it arose unexpectedly. As recently as the 1970s, immigration seemed of such little importance that the United States Census Bureau decided to stop asking people where their parents were born. Now, a quarter of the residents of the United States under 18 are immigrants or immigrants’ children.
The United Nations estimates that there are 214 million migrants across the globe, an increase of about 37 percent in two decades. Their ranks grew by 41 percent in Europe and 80 percent in North America. “There’s more mobility at this moment than at any time in world history,” said Gary P. Freeman, a political scientist at the University of Texas.
The most famous source countries in Europe — Ireland, Italy, Greece, Spain — are suddenly migrant destinations, with Ireland electing a Nigerian-born man as its first black mayor in 2007."
Watch the video clip below to learn more and consider - are we moving to the age of the global citizen where nationality will be less of an important factor?