Economic growth has been slowing for the past 50 years, but relief might come from an unexpected place — a new form of manufacturing that is neither what you thought it was nor where you thought it was. Industrial systems thinker Olivier Scalabre details how a fourth manufacturing revolution will produce a macroeconomic shift and boost employment, productivity and growth.
"The new manufacturing revolution will accelerate the transition of those emerging economies towards a model driven by domestic consumption. And this is good, because this is where growth will be created.In the next five years, the next billion consumers in China will inject more growth in our economies than the top five European markets together.
This fourth manufacturing revolution is a chance for all of us. If we play it right, we'll see sustainable growth in all of our economies. This means more wealth distributed to all of us and a better future for our children."