Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started