BroadeningparticipationBoostingproductivityandGDPChangingthewaycompaniesgoglobal857343HIGHLIGHTSMARCH2016DIGITALGLOBALIZATION:THENEWERAOFGLOBALFLOWSCopyright©McKinsey&Company2016Inthe25yearssinceitsfounding,theMcKinseyGlobalInstitute(MGI)hassoughttodevelopadeeperunderstandingoftheevolvingglobaleconomy.AsthebusinessandeconomicsresearcharmofMcKinsey&Company,MGIaimstoprovideleadersinthecommercial,public,andsocialsectorswiththefactsandinsightsonwhichtobasemanagementandpolicydecisions.Weareproudtoberankedthetopprivate-sectorthinktank,accordingtotheauthoritative2015GlobalGoToThinkTankIndex,anannualreportissuedbytheUniversityofPennsylvaniaThinkTanksandCivilSocietiesProgramattheLauderInstitute.MGIresearchcombinesthedisciplinesofeconomicsandmanagement,employingtheanalyticaltoolsofeconomicswiththeinsightsofbusinessleaders.Our“micro-to-macro”methodologyexaminesmicroeconomicindustrytrendstobetterunderstandthebroadmacroeconomicforcesaffectingbusinessstrategyandpublicpolicy.MGI’sin-depthreportshavecoveredmorethan20countriesand30industries.Currentresearchfocusesonsixthemes:productivityandgrowth,naturalresources,labormarkets,theevolutionofglobalfinancialmarkets,theeconomicimpactoftechnologyandinnovation,andurbanization.Recentreportshaveassessedglobalflows;theeconomiesofBrazil,Mexico,Nigeria,andJapan;China’sdigitaltransformation;India’spathfrompovertytoempowerment;affordablehousing;theeffectsofglobaldebt;andtheeconomicsoftacklingobesity.MGIisledbythreeMcKinsey&Companydirectors:RichardDobbs,JamesManyika,andJonathanWoetzel.MichaelChui,SusanLund,AnuMadgavkar,andJaanaRemesserveasMGIpartners.ProjectteamsareledbytheMGIpartnersandagroupofseniorfellows,andincludeconsultantsfromMcKinsey&Company’sofficesaroundtheworld.TheseteamsdrawonMcKinsey&Company’sglobalnetworkofpartnersandindustryandmanagementexperts.Inaddition,leadingeconomists,includingNobellaureates,actasresearchadvisers.ThepartnersofMcKinsey&CompanyfundMGI’sresearch;itisnotcommissionedbyanybusiness,government,orotherinsti...