THE LEGACY OF THE INDUSTRIAL REVOLUTION AND ITS LIMITATIONS

Abstract

Human history presents changes in various forms. These do not, however, keep up the same pace. There have been times of rapid changes and there have been times of relative stability. From ancient times to the modern world, the pace of the changes signalled in history has been relatively slow. Since the industrial revolution, however, this pace has become increasingly more intense. The mutations that have been produced have completely changed the structures of industrial production. Over the last decades, these changes and their pace of implementation have been accelerated to such an extent that they have changed the way in which we perceive the world. This article highlights the determining factors and follows the stages in the development of the great global economic powers and their fight for supremacy in the global economic equation.

Keywords

• Economic mutations
• Innovation
• Patents
• Industrial revolution