The Fourth Industrial Revolution has expedited the pace of adoption of technologies and shifted the frontier between humans and machines across sectors and geographies. These advancements also evoke mounting concerns about their potential effects on the workforce, particularly amidst the current scenario of heightened inequality and polarization within the labor market. The proliferation of technological advancements has also been instrumental in reshaping the dynamics of global trade and commerce. But as technology continues to advance, the persistence of disparities in access to and utilization of these technologies becomes evident. Therefore, this phenomenon of rapid technological advancements is anticipated to fundamentally shape the future global economic landscape, exerting substantial impacts on labor markets worldwide as well as on the domain of trade and commerce.