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

In: The Next Industrial Revolution A New Age for Innovation in Industry

Author

Listed:
  • VINCENT PETIT
  • Mike Rosenberg

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…

Suggested Citation

  • VINCENT PETIT & Mike Rosenberg, 2023. "Industry in the Age of Innovation: We Are Far from Having Seen It All," World Scientific Book Chapters, in: The Next Industrial Revolution A New Age for Innovation in Industry, chapter 5, pages 119-125, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781800613669_0005
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    More about this item

    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;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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