Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Over the last decade, opportunities and forces unleashed by technology and globalization have accelerated, ushering in the Fourth Industrial Revolution, Innovation has created new business

"Over the last decade, opportunities and forces unleashed by technology and globalization have accelerated, ushering in the Fourth Industrial Revolution, Innovation has created new business models, disrupting incumbents, Corporations strive to remove friction from supply chains and service delivery. However, governments, regulators, incumbent players, and societies react to disruption with friction. Complex forces are at play"

(Source: World Economic Forum. 2018. A prediction for globalization in 2018. Available at https://www.weforum.org/agenda2018/01/prediction-globalization-2018).

Unpack the statement above with reference to "complex forces" that are at play for the stakeholders in the global political economy using the below:

- the emergence of new economic blocs such as BRICS.

- the shifting of political and economic power to countries in Asia.

- changing consumer preferences and demographics

- the changing nature of competition

- increasing global acts of violence and terrorism

- increased risks of undertaking international business

- new and changing legal and trade frameworks

- the development of new (and cheaper) technologies

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Research Design Qualitative Quantitative And Mixed Methods Approaches

Authors: John W. Creswell, J. David Creswell

5th Edition

1506386709, 9781506386706

More Books

Students also viewed these Economics questions

Question

=+b) Test an appropriate hypothesis and state your conclusion.

Answered: 1 week ago

Question

2. To store it and

Answered: 1 week ago