Topic- Conservation, environmental pollution and degradation.
7) What do you understand by Globalization 4.0. Discuss in the context of earlier phases of globalization. Also discuss how it can be leveraged to fight climate change.(250 words)
Why this question
Globalisation 4.0 has arrived and it also presents some possible solutions to climate change. In this context it is important to discuss the meaning and scope of the concept and how it will help in fighting climate change.
Discuss- this is an all-encompassing directive which mandates us to write in detail about the key demand of the question. we also have to discuss about the related and important aspects of the question in order to bring out a complete picture of the issue in hand.
Key demand of the question.
The question wants us to write in detail about the meaning and scope of Globalisation 4.0 and also bring out in detail as to how it can help us in fighting climate change across the world.
Structure of the answer
Introduction- write a few introductory lines about globalization. E.g mention what was the first globalization- Globalization 1.0 was pre-World War 1 globalization, which was launched by a historic drop in trade costs when steam and other forms of mechanical power made it economical to consume goods made faraway.
- Briefly discuss the globalization 2.0 and 3.0. E.g Globalization 2.0 is the post-World War II phase where trade in goods was combined with complimentary domestic policies that helped share the pains and gains of globalization (and automation). The market was in charge of efficiency; the government was in charge of justice; globalization 3.0 ushered into an era when factories crossed borders, and – critically – the know-how of G7 firms along with them. This created a new world of manufacturing in which high-tech was combined with low wages.
- Discuss what is globalization 4.0. E.g it is the current phase of globalization which has just started in the wake of industry 4.0; driven by big data, AI etc.
- Discuss how globalization 4.0 can be leveraged to fight climate change. E.g building new forms of alliances within and between the private and public sectors; forging new clubs of like-minded governments, cities, states and provinces; and building new leadership platforms for policy experimentation and public-private action, each targeted to suit different industrial, national and regional agendas etc.
Conclusion– based on your discussion, form a fair and a balanced conclusion on the given issue.