Answer to Question #255994 in English for Israel

Question

Topic: Discuss the impact of fourth industrial revolution on economies of third world countries?.

Compile a reference list reflecting the full bibliographic detail of all sources referred to in the essay essay. Use the NWU Harvard style as set out in the NWU Referencing guide (2020)

The essay should take the following structure:

1. Introduction

2.1 First argument/main idea as mentioned in the introduction (preview)

2.2 Second argument/ main idea as mentioned in the introduction (preview)

2.3 Counter argument

3. Conclusion 

Source 1 (compulsory)

Author: Ewan Sutherland

Article title: The Fourth Industrial Revolution - The case of South Africa

Journal: Politicon, volume 47 number 2

Year of publication: 2020

Page range: 233-252

Source 2 (available via Google Scholar)

Authors: Min Xu, Jeanne M. David and Suk Hi Kim

Article title: The Fourth Industrial Revolution: Opportunities and Challenges

Journal: International Journal of Financial Research, volume 9, number 2

Year of publication: 2018

Page range: 90-95

Answer 1

The 4th Industrial Revolution presents a vital opportunity for industrial development in South Africa. However, the 4IR is also likely to marginalize the poor and the disadvantaged, who will not be able to keep abreast of rapid technological advancement and innovation. The 4th Industrial Revolution is largely driven by four specific technological developments which include high-speed mobile Internet, AI and automation, the use of big data analytics, and cloud technology.

The Fourth Industrial Revolution is a way of describing the blurring of boundaries between the physical, digital, and biological worlds. It's a fusion of advances in artificial intelligence, robotics, the Internet of Things, 3D printing, genetic engineering, quantum computing, and other technologies.

As a result of fourth industrial revolution, recent growth has not translated into higher well-being. In Africa, gross domestic product per capita is less correlated with well-being indicators than is the world average.

In conclusion, the fourth industrial revolution (4IR) is neither a revolution nor the fourth of a series, lacking any evidence of its economic effect, while historians continuing to debate even the first industrial revolution. The changes that followed from innovations such as steam and electric power do not fit into a sequence of revolutions, they both overlap and interfere. Nonetheless, 4IR is an attractive flag around which to spin an elitist and neoliberal vision of the future of manufacturing in a confusing and disrupted economy.