That broad narrative of intensifying competition, as well as the growing need for cooperation, contains challenges, but also great opportunity. Corporate leaders today need to rethink where and how they compete, and also must cooperate in the crafting of a new societal deal that helps individuals cope with disruptive technological change. Those contradictions are showing up in politics, and the long-term trends underlying them are reshaping the business environment. At the same time, the post–Cold War narrative of progress fueled by competitive markets, globalization, and innovation has lost some luster. Today, for example, technology is delivering astounding advances, and more people are healthy, reading, and entering the global middle class than at any period in human history. It’s easy, however, to lose sight of long-term trends amid short-term gyrations, and there are moments when the nature and direction of those trends become less clear.
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