Globalization 4.0

Globalization 4.0: A New Architecture for the Fourth Industrial Revolution The world today needs a new framework for global cooperation in order to preserve peace and accelerate progress. After the cataclysm of World War II, leaders designed a set of institutional structures to enable the postwar world to trade, collaborate, and avoid war—first in the West and eventually around much of the globe. Faced with a changing world, today’s leaders must undertake such a project again. ....... This time around, however, the change is not just geopolitical or economic in nature. The Fourth Industrial Revolution—the complete digitization of the social, the political, and the economic—is tugging at the very fabric of society, changing the way that individuals relate to one another and to the world at large. In this era, economies, businesses, communities, and politics are being fundamentally transformed. ........

Reforming existing processes and institutions will not be enough.

Government leaders, supported by civil society and businesses, have to collectively create a new global architecture. ......... In the decades after 1945, the world’s economies underwent an ambitious process of integration. Western Europe led the charge, charting unprecedented growth rates as it aimed for an “ever closer union.” Japan and the “Asian Tigers” followed, gaining access to global markets and supersizing their economies. By the early 2000s, the BRICs economies—Brazil, Russia, India, China, and South Africa—had spurred international trade to levels previously unseen; exports now count for about one-fifth of global GDP—the highest level in history.