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Third Industrial Revolution Consulting Group<br />

economic development and model of society.<br />

As the cosmopolitan crossroad in the heart of Europe and a driving force for the Greater<br />

Region, Luxembourg experiences cross-border cooperation on a daily basis. Luxembourg, where<br />

economic actors can benefit from an enormous concentration of international expertise,<br />

displays open-mindedness to new and innovative ideas.<br />

Given these characteristics, the archetype of “the ally” best reflects the country’s identity: that<br />

is, working together to generate common growth by virtue of solid partnerships and a<br />

commitment to the common good. The ally achieves his objectives thanks to his particular ease<br />

in creating cooperation, alliances and communities. Luxembourg’s qualities, described above,<br />

perfectly match the digitalized Sharing Economy on the Collaborative Commons where social<br />

capital, lateral power and collaboration are decisive. Brought on by the Third Industrial<br />

Revolution, amplified by the emerging Internet of Things platform and triggered by zero<br />

marginal cost, the Sharing Economy is expected to grow and become a complementary<br />

economic model.<br />

Besides the emergence of the Sharing Economy, the economic transformation spawned by TIR<br />

goes along with socio-cultural mutations. One essential requirement for societal change is<br />

literacy in the broadest sense. People need to understand the impacts of their actions. Raising<br />

awareness and, in particular, biosphere consciousness is necessary to make sure that future<br />

development targets economic, societal and environmental resilience. Development is rarely<br />

straight forward but, rather, characterized by disruptions and evolution by leaps and bounds.<br />

The participants of the working group pointed to different roles and missions of the state and<br />

public authorities. First of all, the group made a distinction between specific missions in the<br />

context of the TIR, notably to enable and facilitate economic and social development, and the<br />

more general missions of guaranteeing social protection and cohesion, environmental<br />

conservation and a stable quality of life.<br />

One key mission of the State relative to the Third Industrial Revolution is to provide the<br />

necessary infrastructure to allow economic activity to flourish. The requirements include<br />

material infrastructure such as roads, high-performance telecommunication equipment,<br />

adapted energy transportation and distribution grids etc., as well as an immaterial framework<br />

which includes legislation, regulation and policies. Luxembourg set the course for the transition<br />

into the TIR with the government’s economic diversification policy, where ICT and logistics<br />

upgrades of the energy infrastructure were earmarked as critical priorities.<br />

Public health is another sector where Luxembourg has leaped foreward by digitalizing its health<br />

records. The recently created national agency on shared information in the domain of health<br />

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