Authors
Bhanu Baweja, Paul Donovan, Mark Haefele, Lutfey Siddiqi and Simon Smiles
The global economy is on the cusp of profound changes that are comparable in magnitude to the advent of the first industrial revolution. Technological advances are permitting ever greater levels of automation. Meanwhile, the near universal ownership of smart devices in many parts of the world is leading to a degree of interconnectedness that was previously unimaginable. These developments, which can be viewed as part of a technology-driven “Fourth Industrial Revolution”, have significant implications for investors, the global economy and the relative competitiveness of developed and emerging nations. This White Paper, puts recent technological shifts in a broader historical context and examines the implications for individuals, corporations and nations.