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Davos 2019 is all about 'Globalization 4.0.' So what is that?

The world has been pursuing some sort of globalization -- the integration of economies through the exchange of goods, people and ideas -- since the dawn of time

World Economic Forum 2019
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World Economic Forum (WEF) annual meeting for 2019. Photo: Reuters

Bloomberg
The organizers of this year’s World Economic Forum have done their traditional best to introduce another buzz phrase as the theme for the annual gathering in the Swiss Alps. So just what is “Globalization 4.0”?

First, a bit of economic history.

The world has been pursuing some sort of globalization -- the integration of economies through the exchange of goods, people and ideas -- since the dawn of time. But economic historians tend to posit we’ve seen three phases of globalization so far.

The first, dating from 1820-1914 came alongside the advent of steam power and the