The Third Industrial Revolution is a historical, economic era in the 21st century commonly called the information revolution. It produces significant changes in commerce and industry due to technological innovations in the means and mode of production. This new economic paradigm is founded upon three pillars: renewable energy, storage, and smart power grids.
The Third Industrial Revolution is appearing in industrial countries and expands the scope of tradable services and moves many service jobs offshore to emerging industrial nations that have cheaper labor. Services suitable for electronic delivery like accounting and computer programming are commonly sent offshore.
Historically, the pivotal economic changes or [Industrial Revolution| industrial revolutions] have occurred when new energy sources appear at the same time as new communication systems.
- Sennholz, Hans F. (4/3/2006). "The Third Industrial Revolution | Ludwig von Mises Institute". Mises.org. Retrieved on 2009-03-31.
- Rifkin, Jeremy. (2008). The Third Industrial Revolution. Engineering and Technology Retrieved on 2009-04-14.
- Hans F. Sennholz, 2006
- Jeremy Rifkin, 2006