Module 4 Additional Slides
Module 4 Additional Slides
Module 4 Additional Slides
GLOBALIZATION 2.0:
Globalization 2.0 or post 1945 era refers to the
international industrialization
after the Second World War. It is driven by greater
international cooperation. The post-war period saw
less protectionism and a rapid growth in world
trade, at least in western economies
EPOCH IN GLOBALIZATION
GLOBALIZATION 3.0:
The third wave of globalization (globalization 3.0) is thought to
have started around 1990.
Which was driven by advances in technology, including the
spread of the internet. During this wave:
It was easy for different stages of production to be based in
various locations across the globe, leading to the emergence of
modern supply chains.
Firms were enabled to further cut the cost of producing
products and delivering services by moving their operations to
cheaper locations, known as offshoring
EPOCH IN GLOBALIZATION
GLOBALIZATION 4.0
The current wave, Globalization 4.0, is a set to be
driven by the Fourth Industrial Revolution, which is
happening right now. In 2011, the term Industry
4.0 was introduced by the German government
and Siemens. Industry 4.0 shifts manufacturing
away from analog and mechanical technologies
and toward all things digital.
EPOCH IN GLOBALIZATION
GLOBALIZATION 5.0
Globalization 5.0. The new wave of globalization is more pragmatic,
and less ideology driven, more multilateral and less imperialistic than
those that came before. This is more or less created as the effect of the
Belt and Road Initiative (BRI) on globalization, and how the Chinese
government and state-owned media choose positive frames while
promoting BRI to international communities. The BRI, with its massive
infrastructure projects covering the continents of Asia, Europe, Africa,
and the Americas, creates this new wave of globalization
THE INDUSTRIAL REVOLUTIONS
INDUSTRIAL REVOLUTION- Stage 1 (Coal in 1765)
The first wave began in the 15th century, during Europe’s Age of
discovery. During this time, European countries such as Britain, Spain,
France, and Portugal colonized lands across North and South
America. The motivations for the first wave of colonial expansion can
be summed up as God and Glory.