World is not flat; slowbalisation will define the decade, says K M Birla

The rising tension between rising nationalism and globalisation is reshaping the world and will perhaps be the most defining trend as the world heads into a new decade, said Chairman of Aditya Birla Group, Kumar Mangalam Birla.

The conflicting forces of globalisation and nationalism are making governments and corporations rethink their priorities and are forcing them to come up with new constructs.

Writing in a web post, Birla, 52, talked about his learnings from the last few decades when the entire business ecosystem has changed. “This new world, for sure, is not for the faint hearted. One-third of Fortune 500 companies drop out every decade, and the average life of a company on the S&P 500 list has shrunk from