Political Scien...

Directions: Read the following passage carefully:

The theme of the World Economic Forum's Annual Meeting 2019, held in Davos was Globalization 4.0. Globalization 1.0 started in 1820 and ended at the starting of World War-I. Globalization 2.0 began after World War-II and ended around 1990. These two are called old globalization. Old globalization was especially beneficial to today's rich nations. The G7 saw rapid growth of their exports, income, and industry compared to today's poor nations during old globalisation. This led to what Kenneth Pomeranz, a historian, calls the Great Divergence, Globalization 3.0 was termed as new globalization.

This 'new globalization', or Globalization 3.0, had dramatically different effects on world income (GDP) shares. In just 20 years, the G7 share of world GDP plummeted to 50%, and its share of trade to 32%. This trend. which might be called the 'Great Convergence'. is surely the dominant economic fact of the last 20 or 30 years.

What happened to the landscape of global manufacturing? The G7 nations lost share gradually between 1970 and 1990, followed by an accelerated decline from 1990. To where did manufacturing go? Just six developing nations-which we might call the Rapidly Industrializing 6, or I- 6 for short-accounted for almost all of it. The I-6 are China, Korea. India, Poland, Indonesia and Thailand. It gained almost 16 percentage points of world manufacturing in just 20 years.

Globalization 4.0 is driven by cutting edge new technology like AI, Cloud Computing etc, These technologies shrink distances, open up borders and minds and bring people all across the globe closer together. These technologies are changing the nature of work where no physical presence of workers will be required. Such workers are termed as telemigrant persons who live in another developing country while working for a company located in a developed country.

Directions: Read the following passage carefully:

The theme of the World Economic Forum's Annual Meeting 2019, held in Davos was Globalization 4.0. Globalization 1.0 started in 1820 and ended at the starting of World War-I. Globalization 2.0 began after World War-II and ended around 1990. These two are called old globalization. Old globalization was especially beneficial to today's rich nations. The G7 saw rapid growth of their exports, income, and industry compared to today's poor nations during old globalisation. This led to what Kenneth Pomeranz, a historian, calls the Great Divergence, Globalization 3.0 was termed as new globalization.

This 'new globalization', or Globalization 3.0, had dramatically different effects on world income (GDP) shares. In just 20 years, the G7 share of world GDP plummeted to 50%, and its share of trade to 32%. This trend. which might be called the 'Great Convergence'. is surely the dominant economic fact of the last 20 or 30 years.

What happened to the landscape of global manufacturing? The G7 nations lost share gradually between 1970 and 1990, followed by an accelerated decline from 1990. To where did manufacturing go? Just six developing nations-which we might call the Rapidly Industrializing 6, or I- 6 for short-accounted for almost all of it. The I-6 are China, Korea. India, Poland, Indonesia and Thailand. It gained almost 16 percentage points of world manufacturing in just 20 years.

Globalization 4.0 is driven by cutting edge new technology like AI, Cloud Computing etc, These technologies shrink distances, open up borders and minds and bring people all across the globe closer together. These technologies are changing the nature of work where no physical presence of workers will be required. Such workers are termed as telemigrant persons who live in another developing country while working for a company located in a developed country.

Directions: Read the following passage carefully:

The theme of the World Economic Forum's Annual Meeting 2019, held in Davos was Globalization 4.0. Globalization 1.0 started in 1820 and ended at the starting of World War-I. Globalization 2.0 began after World War-II and ended around 1990. These two are called old globalization. Old globalization was especially beneficial to today's rich nations. The G7 saw rapid growth of their exports, income, and industry compared to today's poor nations during old globalisation. This led to what Kenneth Pomeranz, a historian, calls the Great Divergence, Globalization 3.0 was termed as new globalization.

This 'new globalization', or Globalization 3.0, had dramatically different effects on world income (GDP) shares. In just 20 years, the G7 share of world GDP plummeted to 50%, and its share of trade to 32%. This trend. which might be called the 'Great Convergence'. is surely the dominant economic fact of the last 20 or 30 years.

What happened to the landscape of global manufacturing? The G7 nations lost share gradually between 1970 and 1990, followed by an accelerated decline from 1990. To where did manufacturing go? Just six developing nations-which we might call the Rapidly Industrializing 6, or I- 6 for short-accounted for almost all of it. The I-6 are China, Korea. India, Poland, Indonesia and Thailand. It gained almost 16 percentage points of world manufacturing in just 20 years.

Globalization 4.0 is driven by cutting edge new technology like AI, Cloud Computing etc, These technologies shrink distances, open up borders and minds and bring people all across the globe closer together. These technologies are changing the nature of work where no physical presence of workers will be required. Such workers are termed as telemigrant persons who live in another developing country while working for a company located in a developed country.

Directions: Read the following passage carefully:

The theme of the World Economic Forum's Annual Meeting 2019, held in Davos was Globalization 4.0. Globalization 1.0 started in 1820 and ended at the starting of World War-I. Globalization 2.0 began after World War-II and ended around 1990. These two are called old globalization. Old globalization was especially beneficial to today's rich nations. The G7 saw rapid growth of their exports, income, and industry compared to today's poor nations during old globalisation. This led to what Kenneth Pomeranz, a historian, calls the Great Divergence, Globalization 3.0 was termed as new globalization.

This 'new globalization', or Globalization 3.0, had dramatically different effects on world income (GDP) shares. In just 20 years, the G7 share of world GDP plummeted to 50%, and its share of trade to 32%. This trend. which might be called the 'Great Convergence'. is surely the dominant economic fact of the last 20 or 30 years.

What happened to the landscape of global manufacturing? The G7 nations lost share gradually between 1970 and 1990, followed by an accelerated decline from 1990. To where did manufacturing go? Just six developing nations-which we might call the Rapidly Industrializing 6, or I- 6 for short-accounted for almost all of it. The I-6 are China, Korea. India, Poland, Indonesia and Thailand. It gained almost 16 percentage points of world manufacturing in just 20 years.

Globalization 4.0 is driven by cutting edge new technology like AI, Cloud Computing etc, These technologies shrink distances, open up borders and minds and bring people all across the globe closer together. These technologies are changing the nature of work where no physical presence of workers will be required. Such workers are termed as telemigrant persons who live in another developing country while working for a company located in a developed country.