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Klaus Schwab Quote

The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production.

Klaus Schwab

The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production.

Tags: technology, water

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About Klaus Schwab

Klaus Martin Schwab (German: [klaʊs ˈmaʁtiːn ʃvaːp]; born 30 March 1938) is a German mechanical engineer, economist, and founder of the World Economic Forum (WEF). He has acted as the WEF's chairman since founding the organisation in 1971.