Abstract

Processes of interchange and interaction between people, goods and services have always existed in human civilization. Though Globalization is a highly contested term, yet one cannot ignore its influence over every realm of human activity in its journey of evolution. The scale and nature of Globalization and its dynamics have been unprecedented in contemporary times. In the present parlance, when populism critiqued the ethos of establishment and institutions, which were driving forces of global interdependence, there were debates that why and how Globalization is irreversible regardless of all thorns. The paper presents an analysis of the idea of Globalization 4.0 when digital technologies and disruption have become the hallmark of global governance challenges. It attempts to underline the nuances of this idea with a focus on its likely impact on mechanisms of Global Governance. There is a need for better engagement with these new realms in order to factor in nuances of the changing contexts in a holistic way. The right approach to deal with the emerging situation on part of states with due comprehension of the policy challenges shall be useful for the sustainable future of the global arena also.

Keywords: Globalization, Governance, Populism, Interdependence, State and Technology