Skip to main content

Globalization and the Third and Fourth Industrial Revolution

  • Chapter
  • First Online:
Science, Technology and Modernity

Abstract

This chapter gives a recap of the first and second industrial revolution briefly before it begins with the third industrial revolution and IR 4.0. Globalization as a part of IR 4.0 and how it changed the modern world are elaborated upon. Cryptocurrency, Block chain technology, Virtual reality and Artificial Intelligence have also been discussed in brief. This chapter concludes by analyzing the Education system that needs to be addressed from the grassroot level.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

eBook
USD 16.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 119.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 119.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Pouspourika, K. The 4 industrial revolutions. The Institute of Entrepreneurship Development (iED). https://ied.eu/project-updates/the-4-industrial-revolutions/

  2. Meet the three Industrial Revolutions. Trailhead. https://trailhead.salesforce.com/en/content/learn/modules/learn-about-the-fourth-industrial-revolution/meet-the-three-industrial-revolutions

  3. Chan, S. Digital transformation and the Third Industrial Revolution. https://www.linkedin.com/pulse/digital-transformation-third-industrial-revolution-simon-chan

  4. Schwab, K. The Fourth Industrial Revolution: What it means, how to respond. World Economic Forum. https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/

  5. Martin, S. Key components of the Fourth Industrial Revolution. https://electronics360.globalspec.com/article/11439/key-components-of-the-fourth-industrial-revolution

  6. O’Rourke, H., & Williamson, G. (2000, April). When did globalization begin?, NBER Working Paper No. 7632; https://www.nber.org/papers/w7632.

  7. Kant, V. When did globalization begin? The answer might surprise you. World Economic Forum. https://www.weforum.org/agenda/2019/01/when-did-globalization-begin-the-answer-might-surprise-you/

  8. Williamson, J. Globalization: The concept, causes, and consequences. Peterson Institute for International Economics. https://www.piie.com/commentary/speeches-papers/globalization-concept-causes-and-consequences

  9. Collins, M. The pros and cons of globalization. Forbes. https://www.forbes.com/sites/mikecollins/2015/05/06/the-pros-and-cons-of-globalization/#53ebbbefccce

  10. Positive and negative effects of globalization. UK Essays. https://www.ukessays.com/essays/economics/positive-and-negative-effects-of-globalisation-for-business-economics-essay.php

  11. Globalization: Definition, benefits, effects, examples – What is globalization? https://youmatter.world/en/definition/definitions-globalization-definition-benefits-effects-examples/

Download references

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 2021 Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Jerath, K.S. (2021). Globalization and the Third and Fourth Industrial Revolution. In: Science, Technology and Modernity . Springer, Cham. https://doi.org/10.1007/978-3-030-80465-7_7

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-80465-7_7

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-80464-0

  • Online ISBN: 978-3-030-80465-7

  • eBook Packages: Social SciencesSocial Sciences (R0)

Publish with us

Policies and ethics