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The New Opportunities and Challenges in Economic Growth under the Fourth Industrial Revolution

This paper shed light on how the Fourth Industrial Revolution promotes economic growth from nation, market and individual aspects. The research results suggest that the new revolution will usher economic growth through innovative productive factors, changes in the international trade, better institutions and social welfare. In addition, the high industrial expansion and agglomeration, the new production and business models will energize market players and promote economic growth. However, some factors generated by the new revolution might also cause economic setbacks.