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THE NEW GLOBALIZATION ERA AND DIGITALIZATION DEBATE: AN ECONOMISTS PERSPECTIVE

Godwin Nwaobi ()

International Trade from University Library of Munich, Germany

Abstract: During the post-world war 11 period, industrialization was an irresistable trend, made global by the dynamics of international markets.Today, the industrial siciety faces the risks created by its own success. Its growth has been accompanied by a voracious use of natural resources and by increasing inequalities(insecurites)between industrial countries and the rest of the world. Infact, Industrialization to date has been based on energy and it has been and continues to be based on the burning of fossil fuels and the attendant emission of carbon dioxide, which can cause climate change. Thus, a vision of a new society in which humans live in harmony with each other and with nature is very imperative. This transition is described as digitalization(or knowledge revolution) driven by knowledge and by the technologies for processing and communicating it). This therefore requires new institutions and policies to reach a sustainable outcome by 2050.

Keywords: globalization; digitalization; knowledge; revolution; inequalities; industrialization; information; emmissions; insecurities (search for similar items in EconPapers)
JEL-codes: O33 F02 D80 (search for similar items in EconPapers)
Date: 2001-12-04
Note: Type of Document - Acrobat pdf; prepared on IBM PC ; to print on HP; pages: 26 ; figures: included. This paper looks at the implications of the emerging new economies(and their driving forces).
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