The Implications of Ever-increasing Globalization Through Technology to the Global Economy

There are many implications of the increasingly globalized and automated global economy, from less protectionist trade, automation, AI and technology, which will rapidly and increasingly change the global economy. The global economy is headed towards a much more rapid changing future where AI is going to be a major component of the success of your country and access to core technologies is more important than simple industrial production. It’s been called the 4th industrial revolution, coined by the Germans, spearheaded by the Chinese and loathed by the developing world as their ladder to prosperity gets taken out from under their feet.

We’ll go one by one on the implications of these trends:

  • Globalization and trade

It’s now much easier to go across borders to trade, do business, set up shop and the such, want to go to Finland? Get a VISA and a Permit and apply for a loan, here I’ve found a link off of Google (http://www.moneral.fi/lainojen-yhdistaminen/), although it’s in Finnish, this just demonstrates how interconnected the global economy has become in recent years. Want to set up a toy factory? Simple, go to a Chinese aggregate site and get in contact with a manufacturer, they can set up preferential rates and negotiations almost immediately.

  • Demand aggregation

Hyper-demand aggregation is occurring where increasingly complex supply chains are springing up in manufacturing juggernauts like China and the US, where economies of scale, better supply chains, automation and globalization and cheap internet connectivity has made manufacturing much more agile and competitive, driving prices down and keeping productivity high in countries thought to be de-industrializing. China’s Shenzhen is a great example of this, I as an investment banker have noted that although almost all of my business partners thought that by now China would have no manufacturing left, China’s increasingly automated and complex supply chains + hyper-aggregation has led to a much more competitive Chinese manufacturing sector that stubbornly refuses to let go of mid to high value chain manufacturing. This has been theorized by some to be a cause of premature deindustrialization.

  • Automation and AI

Automation and AI are thought to be one of the main reasons why premature deindustrialization has been happening in the developing world, where countries fail to develop industrial bases and are mired in poverty. Expect this trend to get worse as the payback period of robots falls and automation increasingly gets better and better and countries like the US, Germany and China benefit instead of the masses of Africa, South Asia and Latin America.…

How Tech Helps Racing Yachts Sail Faster Than The Wind

Are you the ones mesmerized by the wind-speed of the racing yachts of America’s Cup? Then, you are not alone! The speed of these yachts that beat the speed of the wind never fails to impress everyone but, at the same time, it isn’t magical as you think! No, the enormous energy here wasn’t produced magically to defy the second law of Newton, as all that has been done here is only harnessing more than one form of wind, as stated by Steve Collie, the aerodynamic engineer for New Zealand’s Emirates Team! Or, in other words, these yachts rely on the better means of the technology that has helped all such racing boats to sail faster than the wind, impressively!

  • Solid wing

Instead of a billowing sail, the racing yachts, these days, come with a solid wing that improves the speed of the yachts, sometimes, even dangerously, as they are capable of ‘catching’ huge amounts of the wind! This solid wing is usually made up of the carbon fiber material, and the size of it is similar to the wing size of the Boeing 747 airplanes!

  • Hydrofoiling

To improve the speed of the yachts, the concept of foiling plays the major part! In order to improve the foiling part, there has to be the decreased effect of dragging that results in 10-15 percent increase in the speed! It is what these hydrofoils of the racing yachts do, where, the wing-like foils that are mounted beneath the hull, pushes the hull up and out of the water, as soon as the yacht increases the speed to minimize the wetting that results in decreased dragging and improved speed that is even capable of defying the speed of the wind!

So, it isn’t magic but, physics and technology that define the wind-speed of these racing yachts and to buy one of this kind or more visit 4yacht.com!