The Fourth Industrial Revolution by Klaus Schwab: Economy

The Fourth Industrial Revolution by Klaus Schwab

3.1 Economy

The fourth industrial revolution will have a monumental impact on the global economy, so vast and multifaceted that it makes it hard to disentangle one particular effect from the next. Indeed, all the big macro variables one can think of – GDP, investment, consumption, employment, trade, inflation and so on – will be affected. I have decided to focus only on the two most critical dimensions: growth (in large part through the lens of its long-term determinant, productivity) and employment.