A guiding star rising from the mud: from the new technological revolution to the new industrial revolution
The post-crisis world economy has been in weak growth, the reason for which is thought to be the stagnation of technological development. It is believed that the stumbling block in technological innovation sneaks into the economy and consequently holds it back.
Joseph Schumpeter notes in his work The Theory of Economic Development that innovation—a commercial or industrial application of new products, technologies, methods, resources or forms—is the main fuel for economic development. Innovation is a reform inside the economic structure so as to destroy the old economic structure and create a new one.
1. Forecast: Embryo of a New Technology Revolution
In 2016, Emerging Science and Technology Trends: 2016-2045, a long report submitted to the US army, caught worldwide attention. The report identified 20 most noteworthy scientific and technical development trends after a comprehensive comparison and analysis of almost 700 scientific and technical trends.