send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Globalization refers to the integration of economies through the exchange of goods, people and ideas. It views the whole world as a ‘Global village’ or ‘World without trade borders’.
Globalization 4.0 is the third unbundling, which would happen when digi-tech allows arbitrage of international wage differences without the physical movement of workers. Globalization 4.0 is going to hit the service sector. Hundreds of millions of service-sector and professional workers in advanced economies will, for the first time ever, be exposed to the challenges and opportunities of globalization 4.0.
Trends of Globalization:
Globalization 4.0: As explained above, the G-4.0 will impact the service sector mostly. It is in parallel with the IR 4.0. The various disruptive technologies like Artificial Intelligence, Big Data, Internet of Things, Block-chain etc. will play key roles in this. Rather than shaping a parallel hegemonic structure, globalisation 4.0 intends to correct the flaws inherent in globalisation 3.0 that allowed the dominance and wealth superiority of the great economic powers to hinder the optimisation and evolution of the global governance structure.
Globalization 4.0 and fighting climate change:
Climate change, arguably humanity’s most existential challenge, requires urgent global action. IPCC’s Special Report on the Impacts of Global warming at 1.5°C, published in October 2018, says we have just 12 years to act if dangerous climate change is to be avoided. With the rise in protectionism, rising national interest, G-4.0 is imperative to tackle the climate change with global efforts.
Conclusion:
Globalisation 4.0 should be more sustainable, reasonable and balanced version, led by innovation, inclusiveness, shared benefits and tolerance. Globalization 4.0 seeks to promote: practical, public-private arrangements to help governments find agile, collaborative solutions to pressing global problems in our more complex world, which is being rapidly transformed by the IR 4.0.
By: ABHISHEK KUMAR GARG ProfileResourcesReport error
Access to prime resources
New Courses