Are you ready for Globalization 4.0?
As digital disruption significantly affects global corporate investment patterns, the next wave for the global economy is emerging. This is the era of Globalization 4.0 –an era that aligns international value creation with the promise of technologies associated with the Fourth Industrial revolution.
An increasingly data-driven economy is transforming global value chains and driving the participation of different locations and geographic regions, according to new research from the IBM Institute for Business Value. The 2018 Global Location Trends Report shows greater volatility in foreign direct investment (FDI). This volatility is evident both overall and for individual countries as companies and countries adapt to Globalization 4.0.
The report reveals global foreign investment activity, measured by the number of jobs created, declined in 2017 by approximately 5 percent.
In contrast, the number of foreign investment projects increased by almost 10 percent to record levels, suggesting a shift toward smaller-scale projects on average.
Growing hesitation exists over the future trade agreements that have underpinned corporate internationalization efforts over the last several decades. Ongoing Brexit negotiations are creating uncertainty in Europe, and the US administration is placing the future of the North American Free Trade Agreement (NAFTA) and other trade agreements in doubt. As a result, the continued ability of companies to access international markets and operate globally is in question.
Navigating this new era for economic development and job creation likely will put increased pressure on government policy makers and economic development professionals to shape business environments that are responsive to rapidly –and continually –changing industry requirements. To learn more about how these changes could impact your organization, please read the full report.
Senior Solution Architect
6 年If only "Digital disruption" would be "the" factor why the Global Society is changing so rapidly, it would be very easy to control as it is "Digital" thus a logic "1" or logic "0". My humble opinion is that is much more going on than only the view from a ICT perspective, too complex for me to be honest, an too complex to comprehend for any human being in my view. It is a shift of paradigm's, shift of ecological circumstances (weather and climate changes) change of "generic thinking" of the human race, shift of cultural differences, shift of information speed between people without the filtering of the main stream media, shift of fixed programmed radio and TV to "On Demand" radio and TV. Shift of people able to use the in society embedded technology to more and more people that don't have the resources or knowledge to use it.... (I mean really use it, not just make use of it). And a zillion things more, I do like the report, but it is for us humans impossible to cover all variables that lead to Globalization 4.0, or, as I would rather call it: Global Society 4.0.....? Maybe a future or already existing Grid of mega super computers engined by Watson 4.0 or some other IA 4.0 software coding could do a reliable prediction of the future of / for us on this earth? Or is it maybe better to don't do that, or has that already be done? Time will tell...... Kind regards, Hans
Management Consultant CMC? | Chair Euro Hub ICMCI - International Council of Management Consulting Institutes | Convenor CEN/TC 389/WG 7 Innovation Management Professionals | Innovation Manager & DPO certificato
6 年Globalization strategies rely on enabling technologies. Innovative forms of governance place the person of revolution 4.0 at the center.