Globalization 4.0 Attempts To Address Populist Revolt
Global leaders gathered in the icy cold confines of Davos Switzerland for the 2019 edition of the World Economic Forum (WEF). This 49th annual gathering's theme focuses on Globalization 4.0 in the fourth industrial revolution. Though most have not encountered the third industrial revolution, let alone the fourth, the digitization wave has hit organizations and individuals with tsunami level disruption to the status quo.
While noble in intent, the forum drives deep discussion among its members. The research into political, societal, economic, and technology issues have raised public awareness. Despite the number of world leaders, business executives, non-profit pioneers, and other change agents, few major initiatives move from concept to commercialization and impact the general populace. Hence, many skeptics continue to criticize the WEF efforts.
Figure 1. Registration at Davos
Trends Show Massive Schisms As Humanity Expects Concrete Actions Not Cheap Talk
Throughout the conference, six forces emerge in on-going discussions among the Davos-set. The discussion points behind these conversations show a crisis of hope and a need to address systemic challenges:
- Massive global debt crisis continues to harm future growth
- Expectations gap widens and creates a sense of helplessness
- Equality and equal opportunity remain at odds
- Aging wealthy populace confronts less abundant growing youth
- Artificial Intelligence will permeate all future designs but populace questions benefits vs threat
- Winner takes all network platforms dominate each industry creating mass losers
Figure 2. Globalization 4.0 Under Fire As Global Leaders Fail The Populace
The Bottom Line: Real Leaders Needed Ahead
As world leaders and elites convene to discuss Globalization 4.0, the lack of self-awareness and empathy of populist view points hinder policy effectiveness. Swift decisive actions now trump patient planning and decision making regardless of impact. The populace yearns for a clear path to equal opportunity, fairness, and meritocracy. Unfortunately, leaders have no more tools to offer other than empty promises.
The need for leadership has never been greater and the forces of good must trump evil in this precarious period. This call to action must be heeded. As centralized systems create winner takes all markets and exacerbate inequality, decentralization will empower a shift of power and create new opportunities. Leaders must step up to craft systems that ensure equal opportunity.
Please let us know if you need help with your Digital Business transformation efforts. Here’s how we can assist:
- Developing your digital business strategy
- Connecting with other pioneers
- Sharing best practices
- Vendor selection
- Implementation partner selection
- Providing contract negotiations and software licensing support
- Demystifying software licensing
Reprints can be purchased through Constellation Research, Inc. To request official reprints in PDF format, please contact Sales .
Although we work closely with many mega software vendors, we want you to trust us. For the full disclosure policy,stay tuned for the full client list on the Constellation Research website. * Not responsible for any factual errors or omissions. However, happy to correct any errors upon email receipt.
Constellation Research recommends that readers consult a stock professional for their investment guidance. Investors should understand the potential conflicts of interest analysts might face. Constellation does not underwrite or own the securities of the companies the analysts cover. Analysts themselves sometimes own stocks in the companies they cover—either directly or indirectly, such as through employee stock-purchase pools in which they and their colleagues participate.
As a general matter, investors should not rely solely on an analyst's recommendation when deciding whether to buy, hold, or sell a stock. Instead, they should also do their own research—such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC—to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances.
Copyright © 2001 – 2019 R Wang and Insider Associates, LLC All rights reserved.
Contact the Sales team to purchase this report on a a la carte basis or join the Constellation Executive Network