Capitalist globalization has ushered in a San Marino Email List period of rapid and profound change that the world has not seen since the Industrial Revolution. But now the system is on the precipice of another round of restructuring and transformation based on a much more advanced San Marino Email List digitization of the entire global economy and society. This restructuring was already evident in the wake of the Great Recession of 2008. But now the changing social and economic conditions produced by the coronavirus pandemic are accelerating this process. Computer and San Marino Email List information technology introduced in the early 1980s laid the original foundations for globalization.
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This technology allowed the transnational San Marino Email List capitalist class (CCT) to coordinate and synchronize global production, and therefore, to mount a globalized system of production and finance in which every country in the world has been integrated. Just as the first San Marino Email List generation of computer and information technology – and especially the internet – resulted in the profound transformation of world capitalism, this second generation of digital technologies – ranging from machine learning, artificial intelligence, automation, robotics and Nano- and San Marino Email List biotechnology, to the internet of things, quantum and cloud computing, 3D printing, virtual reality.
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It is difficult to overestimate the San Marino Email List speed and extent of the current digital restructuring of the global economy and society. According to United Nations data for 2020, the “sharing economy” will increase from $ 14 billion in 2014 to $ 335 billion by 2025. The world ship of 3D San Marino Email List printers increased by more than 100 percent in 2016, reaching more than 450,000 units, and the number is expected to reach 6.7 million by the end of 2020. It is estimated that the total value of electronic commerce (e-commerce) reached $ 29 billion in 2017, which is San Marino Email List equivalent to 36 percent of gross product global for that year.