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The Third Industrial Revolution

The Third Industrial Revolution | MishMash | Scoop.it

From the year 2000 to 2010 the number of manufacturing jobs in America fell by about a third. The rise of outsourcing and offshoring and the growth of sophisticated supply chains has enabled companies the world over to use China, India and other lower-wage countries as workshops. Now, the global financial crisis has people thinking it is time their countries returned to making stuff in order to create jobs and prevent more manufacturing skills from being lost. These factors, and technologies like robotics, 3D printing and artificial intelligence could help bring about a Third Industrial Revolution.


Via Szabolcs Kósa, Sakis Koukouvis, Roger Ellman
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Rescooped by André Michel from Tracking the Future
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Learning from China: Why the existing economic model will fail

Learning from China: Why the existing economic model will fail | MishMash | Scoop.it

What China is teaching us is that the western economic model—the fossil-fuel-based, automobile-centered, throwaway economy—will not work for the world. If it does not work for China, it will not work for India, which by 2035 is projected to have an even larger population than China. Nor will it work for the other 3 billion people in developing countries who are also dreaming the “American dream.” And in an increasingly integrated global economy, where we all depend on the same grain, oil, and steel, the western economic model will no longer work for the industrial countries either.

The overriding challenge for our generation is to build a new economy—one that is powered largely by renewable sources of energy, that has a much more diversified transport system, and that reuses and recycles everything. We have the technology to build this new economy, an economy that will allow us to sustain economic progress. But can we muster the political will to translate this potential into reality?


Via Szabolcs Kósa
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