Industry in the Age of Innovation: We Are Far from Having Seen It All

Vincent Petit and Mike Rosenberg

Chapter 5 in The Next Industrial Revolution:A New Age for Innovation in Industry, 2023, pp 119-125 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The twentieth century has been a true miracle, lifting billions out of misery and generating a wealth that past generations could not have imagined. This happened, to a large extent, because of innovations in our industrial system (with ripple effects throughout living settings, mobility, and of course agriculture). We can ask ourselves whether such spectacular transformations will continue and what they will look like. Innovation is fueled by technology but more importantly by human ingenuity, in a permanent quest for greater abundance. Human ingenuity is not in short supply (unlike what some might think!), and new technologies (digital, energy, and atomic-scale) offer promising prospects. What we can bet on is that all these resources will be devoted to capturing the opportunities ahead while coping with the challenges at hand…

Keywords: Industry Revolution; Innovation; Decarbonization and Climate Change and Environment; Circularity; Productivity; Resiliency; Greenhouse Gas; Materials and Resources; Digital Technologies; Internet of Things; New Energy Technologies and Electrification; Nano- and Biotechnologies (search for similar items in EconPapers)
JEL-codes: O13 O3 Q4 Q43 Q48 Q5 (search for similar items in EconPapers)
Date: 2023
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