Debates about how to pull the world out of its lingering financial difficulties and bring about an economic recovery are reaching the unanimous conclusion that a new industrial revolution is needed to revive the slackened global economy.[HongKong Richful  - Hong Kong Company Formation, Offshore Company Incorporation]

In the face of changes that some Western economists say will amount to a third industrial revolution, the question of whether China can achieve an economic transformation and avoid the end of the "made-in-China" period poses an unprecedented challenge to the world's second largest economy.

A new industrial revolution will change global economic conditions, as shown by the past industrial revolutions that ushered in the ages of "steam" and "electricity". The third industrial revolution, which many economists describe as concerning "intelligent manufacturing" and "low-carbon energy", is expected to follow much the same old path.

From promoting "de-industrialization" to turning to "re-industrialization", the United States has exhibited a greater intent to take advantage of the emerging third industrial revolution to introduce a new global industrial pattern.
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Starting in the early 20th century and continuing for decades, the United States was the source of the largest number of manufactured products in the world. By about the 1950s, the US was producing about 50 percent of the world's total manufacturing output. That share, though, began to decline starting in the following decade. In the 1980s, developed economies were promoting manufacturing outsourcing and were primarily beginning to have service economies, which further aggravated the "industrial hollowing out" of the US and other Western countries. Amid these circumstances.