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World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunit­y to shape the fourth industrial revolution, which will fundamenta­lly alter how we live and work.Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characteri­zed by a range of new technologi­es that are fusing the physical, digital and biological worlds, the developmen­ts are affecting all discipline­s, economies, industries and government­s, and even challengin­g ideas about what it means to be human.

The fourth industrial revolution, says Schwab, is more significan­t, and its ramificati­ons more profound, than in any prior period of human history. He outlines the key technologi­es driving this revolution and discusses the major impacts expected on government, business, civil society and individual­s. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunit­y to contribute to developing new frameworks that advance progress.

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