WINTER 2017: SMART POWER

While the last wave of globalization focused on accessing foreign markets and creating low-cost global supply chains, the next wave could follow a very different pattern. GE CEO Jeff

Immelt— shown speaking at a forum on African innovation—has said it will be more cognizant of social impact and the importance of building capabilities rather than exploiting labour cost differentials. For its part, GE will invest about $2 billion in Africa by 2018 to expand in what Immelt calls “one of the world’s most promising markets.”