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Graham Immerman
Graham Immerman Manufacturing News / November 21, 2018

What is Globalization 4.0?

We've all heard of industry 4.0 now, but what is globalization 4.0?

The World Economic Forum says we are moving into a new phase of globalization and that, "Globalization and technology are intimately intertwined. The movement of people, goods and ideas is accelerated and broadened by new forms of transport and communication. And technological development is, in turn, enhanced by the diversity of ideas and the increased scale that comes from global reach."

Industry 4.0 is certainly part of this shift, but it isn't the only factor. War, for example, can lead to less globalization.

 

Recommended ReadThe Fourth Industrial Revolution is driving Globalization 4.0Source: http://www.weforum.org

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