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The Third Industrial Revolution; How Lateral Power is Transforming Energy, the Economy, and the World is a book by Jeremy Rifkin published in 2011. The premise of the book is that fundamental economic change occurs when new communication technologies converge with new energy regimes, mainly, renewable electricity.
The Industrial Age harnessed steam and waterpower to reduce the dependence on animal and human physical labor as the primary means of production. Thus, the core of the Industrial Revolution was the generation and distribution of energy from coal and water to produce steam and, later in the 20th century, electricity.
Various technological revolutions have been defined as successors of the original Industrial Revolution. The sequence includes: The first Industrial Revolution; The Second Industrial Revolution, also known as the Technological Revolution; The Third Industrial Revolution, better known as the Digital Revolution; The Fourth Industrial Revolution
Rifkin is the principal architect of the "Third Industrial Revolution" long-term economic sustainability plan [clarification needed] to address the triple challenge of the global economic crisis, energy security, and climate change. [2] The Third Industrial Revolution (TIR) was formally endorsed by the European Parliament in 2007. [3]
The Industrial Revolution marked a major turning point in history, comparable only to humanity's adoption of agriculture with respect to material advancement. [11] The Industrial Revolution influenced in some way almost every aspect of daily life. In particular, average income and population began to exhibit unprecedented sustained growth.
The Third Industrial Revolution, also known as the Digital Revolution, began in the late 20th century. It is characterized by the shift to an economy centered on information technology , marked by the advent of personal computers, the Internet , and the widespread digitalization of communication and industrial processes.
The Third Industrial Revolution: the changes brought about by computing and communication technology, starting from around 1950 with the creation of the first general-purpose electronic computers. The Information Revolution : the economic, social and technological changes resulting from the Digital Revolution (after 1960) [ citation needed ] .
The Digital Revolution (also known as the Third Industrial Revolution) is the shift from mechanical and analogue electronic technology to digital electronics which began in the latter half of the 20th century, with the adoption and proliferation of digital computers and digital record-keeping, that continues to the present day. [15]