GE CEO Says Trade Deals Aren't Needed to Be Effective

The transcript discusses the evolution of globalization, highlighting the shift from traditional trade deals to a more localized approach. It emphasizes the importance of global markets and the role of technology in job displacement. The speaker reflects on the challenges and opportunities in navigating a multi-local world, stressing the need for businesses to adapt to changing global dynamics. The discussion also touches on the impact of financial crises and the breakdown of multilateral organizations, while advocating for continued global growth despite the absence of traditional support mechanisms like the EXIM bank.

What was the initial strategy for globalization mentioned in the video?

• Focusing on local markets

• Shutting down factories in the US and moving them to Mexico

• Relying on trade deals

• Investing in technology

According to the video, what has contributed more to job loss than competition?

• Market development

• Technology

• Trade deals

• Globalization

What is the speaker's view on globalization?

• It is entirely negative

• It is a good thing but has its challenges

• It should be avoided

• It is irrelevant in today's world

What is one of the main tasks for business leaders in the current era, as mentioned in the video?

• Maintaining global growth while being good citizens in their home country

• Avoiding technological advancements

• Relying on traditional trade agreements

• Focusing solely on local markets

What is the impact of the absence of the EXIM bank in the US, according to the video?

• It has no impact on exports

• It encourages more trade deals

• It makes it easier to grow exports

• It poses a challenge for export growth