The fourth industrial revolution and human capital development

Goldschmidt, Kyle

Title: The fourth industrial revolution and human capital development
Creator: Goldschmidt, Kyle
Subject: Technological innovations -- Economic aspects
Subject: Human capital
Subject: Intellectual capital
Subject: Economic development
Subject: Economic development -- Effect of education on
Subject: Fourth industrial revolution
Date Issued: 2018
Date: 2018
Type: text
Type: Thesis
Type: Masters
Type: MCom
Identifier: http://hdl.handle.net/10962/62483
Identifier: vital:28197
Description: The focus of the Fourth Industrial Revolution has been on its implications on Human Capital and its need to develop “21st-Century Skills" through education to ensure future labour and capital complementarity. Human Capital combined with 21st-Century Skills, it is claimed, can together generate economic growth, jobs and propel an economy into the next Industrial Revolution. However, Schwab’s (2016) concept of the Fourth Industrial Revolution, make no distinction between the Average Worker and the Knowledge Elite and their relationship to each other and successful economic growth. The different nature of these skills is absent in the literature to date. A critical analysis of literature will be used to examine Schwab’s (2016) claim of a Fourth Industrial Revolution and assess how the Average Worker and the Knowledge Elite relate to the Fourth Industrial Revolution and 21st-Century Skills. The evidence is provided on how both the Average Worker and the Knowledge Elite are key contributors to economic growth and will be important in the Fourth Industrial Revolution.
Format: 110 pages
Format: pdf
Publisher: Rhodes University
Publisher: Faculty of Commerce, Economics and Economic History
Language: English
Rights: Goldschmidt, Kyle

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