Mingming Guo1, Yu Song2, Xiaoxuan Shao3, Lei Yan4, Linze Zou5
1School of Sport Economics and Management, Central University of Finance and Economics, Beijing 102206, China
2College of Arts and Sciences, University of Washington, Seattle 98105, Washington, USA
3School of Humanities and Social Sciences, Beijing Institute of Technology, Beijing 102488, China
4Cambridge A-Level Centre, Hangzhou Foreign Languages School, Hangzhou 310023, China
5YaLi International Department, Changsha 410000, China
This paper shed light on how the Fourth Industrial Revolution promotes economic growth from nation, market and individual aspects. The research results suggest that the new revolution will usher economic growth through innovative productive factors, changes in the international trade, better institutions and social welfare. In addition, the high industrial expansion and agglomeration, the new production and business models will energize market players and promote economic growth. However, some factors generated by the new revolution might also cause economic setbacks.
The Fourth Industrial Revolution, Economic growth, International trade, Opportunities and challenges
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