Back to News
Podcasts

Drinks With The Deal: Author Marc Levinson

|
Published: September 17th, 2020
Marc Levinson discusses his new book, "Outside the Box," a study of the history and current state of the globalization of the economy, in the latest edition of the Drinks With The Deal podcast.

“Globalization is going to have more and more to do with moving services and ideas around the world than with moving goods in containers,” Marc Levinson tells David Marcus in this week’s edition of the Drinks With The Deal podcast.

Levinson, a historian, economist and author, explores the topic of globalization in his new book, “Outside the Box: How Globalization Changed From Moving Stuff to Spreading Ideas.”

The work is a sequel of a sort to Levinson’s 2006 study “The Box,” in which he wrote about the history of the shipping container and its effect on world trade. By making international trade much less expensive at the same time as companies could take advantage of cheaper communications and more powerful computers, the container helped allow companies to create global value chains. But by 2008, that era was coming to an end as the risks of extended supply chains were becoming clear and as both consumers and businesses were shifting spending from physical goods to services.

Over the past decade, Levinson said, “Manufactured good prices have been falling or rising much more slowly than the prices of services.” Consumers are spending a larger percentage of their income on services such as childcare, dining, healthcare and leisure activities, he said.

At the same time, there has been a “shift in the business sector. It used to be the case that a manufacturer’s business was selling a physical product that the manufacturer had assembled. That’s not the way it works any more. For capital goods, like jet engines or elevators or factory production equipment, the manufacturing process itself is almost secondary.” Instead, Levinson said, the producers of the goods “have bundled the service with the product so that they’re not really separable.” The growth of services, he said, “will shape the future of globalization.”

More podcasts from The Deal are available on iTunesSpotify, SoundCloud and on TheDeal.com.

More From Podcasts

Mergers & Acquisitions

Drinks With The Deal: Goodwin Procter's Stuart Cable

By David Marcus
|
Published: January 7th, 2021
The vice chair and head of M&A discusses building the firm's biotech practice, helping Covid-19 vaccine developer Moderna grow over the years and recent transformational deals in the latest episode of the podcast.
Activism

Activist Investing Today: Goodwin on Governance, Pay as 'Wedge Issues'

By Ronald Orol
|
Published: December 18th, 2020
Poor governance and issues with executive compensation aren't enough to warrant credible activist involvement on their own, but they can serve as a lever for shareholders that have broader outcomes in mind, says Shane Goodwin, the chief of the Applied Corporate Governance Institute.
Mergers & Acquisitions

Drinks With The Deal: Bryan Cave's Stephanie Hosler

By David Marcus
|
Published: December 18th, 2020
Hosler, who heads Bryan Cave Leighton Paisner's corporate and finance transactions group, talks about her experiences as a Latina M&A lawyer and her desire to help create a more diverse workplace on the latest Drinks With The Deal podcast.