We all know and feel that the world around us is changing fast and wonder whether we are living in unprecedented times. Change is a necessary condition to enable and improve the production of goods and to render economic growth possible. Buzzwords like Industry 4.0 are appearing in the media and in daily conversation. But are current developments and trends really so unique and extraordinary?

In this edition of the CIO Special report we discuss the following key points:

  • The components of change –  which set the conditions for economic growth.
  • Why technological change boosts growth –  via allowing for higher output through increased input efficiency.
  • Defining the four industrial revolutions – output and welfare have been driven by several major technological advances referred to as revolutions.
  • Political systems must debate change – pre-emptive policy measures can moderate the impact of technological change on human life. 


To download a PDF of the full report, please click here.


In Europe, Middle East and Africa, as well as in Asia Pacific this publication is to be considered Marketing Material, however this is not the case in the U.S. Past performance is not indicative of future performance. Opinions and claims expressed herein may not come to pass. Forecasts are based on assumptions, estimates, opinions and hypothetical models or analysis which may prove to be incorrect. This information is subject to change at any time, based upon economic, market and other considerations and should not be construed as a recommendation. Produced in July 2019. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: WM.CIO-Office@db.com

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