Making Waves: The Three Cs and New Migrant Diasporas in 2017

We will focus on updating the data on migration, technology and the overview of the three key socio-economic aspects to the globalisation processes, which two of us outlined in 2007. The three C’s: that is comparative advantage; competitive advantage and collaborative advantage as we call them continue to dynamically interact in complex ways. Comparative advantage has always involved national level interactions as one nation traded its economic or social advantages against another. Thus those with better infrastructures, more resources, cheaper labour, and fewer restrictions have been able to bargain those advantages against other nations in such trading. The second C, competitive advantage, usually viewed as competition between firms rather than states, has seen increasing governmental involvement aimed at improving the competitive advantages of one nation’s firms relative to others. In an asymmetrically loaded world of unevenly distributed power and resources, the third C, collaborative advantage -- cooperating to leverage potential synergies to mutual advantage -- continues to dynamically evolve but in often paradoxical ways that both pose problems as well as offering some solutions.