Re-emergence of Asia in the New Industrial Era

The dawn of the new industrial era (Fourth Industrial Revolution or 4 IR, Industry 4.0, “McLuhan” stage) characterised by IT-based modern technologies and global value chains has regained Asian economic strength. Overarching impact IR is expected on physical, digital biological world. Several countries have maintained high growth displayed true globalization possessing elements desiderata IR. Asia also its innovative strength in many determinants Although a gradual transition from labour to capital talent slated happen, will own amalgam three case-by-case. For example, some demographic assets use low-skill jobs they continue compete as low-cost manufacturing hubs for substantially long period despite proportion ageing people less birth rate. Human talent-intensive services like healthcare education stand benefit way cost-reduction but concerted efforts public private sectors are needed these areas. Unemployment inequality may rise initially be offset sizeable extent engagements reorientation knowledge, skill attitude, realms education, through continuous training, upgradation self-renewal. There could eugenic effects such defect-rectification at early developmental stages ultimately moving towards designer human beings run. Significant role state, policy mode governance was observed bringing about It hoped that while thriving fruits all stakeholders would unite maintaining vigil holding up values conscience, creativity empathy mar possible ill-effects 4IR dreaded most dehumanized form