The second stage of globalization exhibits a marked increase in resource flows--in their type, volume, and distinct origin/destination profiles. The proliferation of resources flows creates manifold pathways through which managers can trade off one region's advantages against another's.
In addition, flows of goods/services and labor that have been particularly important to the Southern California economy have recently undergone interesting changes. For example, the region's ports handle nearly 50% of total U.S. foreign trade, and the decline in shipping volume in 2008 decimated the regional transportation and warehouse industries. Similarly, labor migration from Mexico and Central America that has sustained several regional industries by depressing wages in the 1980s and 1990s has now become a factor in Los Angeles' emergence as the nexus of labor organizing in the U.S. We anticipate a coordinated engagement with the practitioner communities in these and other industries that are important to our region.