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The global nature of industrial production networks, as well as the scale and complexity of the challenges we face, mean that we will all need to work together to bring about lasting change. This is why UNIDO and the World Economic Forum have established a mechanism for partnership, collaboration and exchange, where the best minds can share ...
Emerging economies have seen their share of total global trade rocket in recent years. China, for instance, is now responsible for 15% of all world exports. Unfinished goods, components and services account for 70% of all trade. While trade in services accounts for two-thirds of global GDP, COVID-19 has had a devastating impact on trade ...
A new era of industrial policy has recently been ushered in by governments taking a more active role in the economy. The World Economic Forum’s latest Chief Economists Outlook concluded that “industrial policy will have a marked impact on the global economy in the years ahead.”. In the summer of 2022, US President Joe Biden signed into ...
Image: Unsplash/Ryoji Iwata. The World Economic Forum’s Global Risks Report 2024 says the biggest short-term risk stems from misinformation and disinformation. In the longer term, climate-related threats dominate the top 10 risks global populations will face. Two-thirds of global experts anticipate a multipolar or fragmented order to take ...
From 1880, the Earth's average surface temperature has risen by 0.07°C every decade. Evidence shows that key historical developments such as industrial revolutions contributed significantly to global warming. These events are linked to the mass burning of fossil fuels to meet an increase in human demand. Global temperature graph (1851-2020)
Like the revolutions that preceded it, the Fourth Industrial Revolution has the potential to raise global income levels and improve the quality of life for populations around the world. To date, those who have gained the most from it have been consumers able to afford and access the digital world; technology has made possible new products and ...
1. Global to globally connected multi-local value chains. Only 28% of respondents plan for nearly full in-region-for-region operations by 2030, despite 92% of supply chain leaders viewing regionalization as a priority, across all sectors and regions. While the overall trend toward reshoring is well substantiated, including by Kearney’s 2022 ...
Atmospheric CO2 levels have exceeded 417 parts per million. Carbon dioxide in the atmosphere is now reaching levels 50% higher than before the industrial revolution. Research shows that for several days in February and March 2021, atmospheric CO2 levels exceeded 417 parts per million (ppm). Pre-industrial levels were about 278ppm.
As the Fourth Industrial Revolution drives a new phase of globalization – “Globalization 4.0” – here are five things we can learn from looking backwards, and forwards, at the impact of technology. 1. Even as technology improves, globalization is not inevitable. While it may be tempting to think of globalization as a core characteristic ...
Industrial clusters are geographic concentrations of co-located companies that provide opportunities for technology scale-up, sharing of risk/resources, aggregation, and optimization of energy demand. With industry responsible for 30% of total global CO₂ emissions, industrial clusters will be a critical player in accelerating the path towards ...