Global Shift

The Global Shift refers to the major economic shift of industrial and manufacturing activities from traditional centers in North America and Europe to emerging economies in Asia, Latin America, and other regions. This movement is driven by lower labor costs, improved infrastructure, and policies favoring capital investments abroad. As a result, many companies outsource production to these regions, shifting economic power and creating new opportunities and challenges worldwide. This shift impacts employment, urban development, and global trade patterns, reflecting the ongoing reorganization of the world's economic landscape.