The Tracking of Industrial and Digital Revolutions and the Importance of Human Capital Development

Abstract

The following paper highlights new approaches of comprehending the core aspect of human capital development within the ongoing process of new technological development era. The literature review dwells with headlining key aspects in relation to education and production, aspects that influence the ongoing development, as well as highlighting the importance of solid binding links which causes multiple issues along with its rewards. One of the prominent concern that highlights unusual issues, as well as unique rewards, represents the development and assimilation process of digitalization. In this regard, new atypical and unique jobs that appear within society, offers new possibilities together with new obstacles which need to be solved differently.

Keywords

• industrial revolution
• digitalization
• human capital development
• path-dependence
• future developments