Industry 4.0 and World Economic Divergence - A Novel Perspective on the Impact of Fourth Industrial Revolution on the World Economy

2018 ◽  
Author(s):  
Ashutosh Rijal
Keyword(s):  
Industry 4.0 ◽  
World Economy ◽  
Industrial Revolution ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Economic Divergence ◽  
World Economic ◽  
The Impact

scholarly journals Transformation of the world job market in the conditions of the Fourth Industrial Revolution

2021 ◽  
pp. 8-28
Author(s):  
Elena Viktorovna Shirinkina
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Job Market ◽  
Scientific Publications ◽  
Job Management ◽  
Business News ◽  
Fourth Industrial Revolution ◽  
The World ◽  
The Impact

The relevance of this research is substantiated by the fact that the world job market is currently under the influence of the Fourth Industrial Revolution (Industry 4.0). The goal lies in assessing the impact of cyclic and unexpected trends upon the job market, and thus, the forms of job management and employment functions. In this regard, analysis is conducted on the academic theories in the context of conceptualization of the impact of Industry 4.0 upon the job market and employment functions. The long-term trends in transformation of the job market are determined. The empirical basis of this research is comprised of the statistical data provided by Rosstat and the Ministry of Science and Higher Education of the Russian Federation, as well as the resources of analytical articles and scientific publications, including the materials of international organizations, leading consulting companies, global associations, leading educational institutions, other active participants of global educational environment, and job market experts. An overview is given to the trends that affect the companies, their strategies and business models; the impact of such trends upon the transformation of current professions and the emergence of new professions; skills required for these professions. The scientific novelty lies in substantiation of the concept of skill-biased technical change (SBTC) and the theory of routine-biased technological change (RBTC). The presented materials would allow the companies to combine business news with fundamental training of specialists for going along the new career trajectiory in light of the new technological challenges, which defines the practical value of this research.

scholarly journals The Characteristics of the Fourth Industrial Revolution: Buzzword, Hype or a Radical Change?

E-conom ◽  
2020 ◽  
Vol 9 (1) ◽  
pp. 91-104
Author(s):  
László Koloszár ◽  
Nikoletta Németh
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
German Economy ◽  
Radical Change ◽  
System Level ◽  
High Tech ◽  
Fourth Industrial Revolution ◽  
World Economic ◽  
The Impact ◽  
Industrial Revolutions

The usage of the terms the ’Fourth Industrial Revolution’ and its predominantly used synonym ‘Industry 4.0’ has curved upwards at a higher rate than the number of underlying interconnected production units. The concept of Industry 4.0 originates from a project on the high-tech strategy of the German government in 2011. This project promoted the computerization of manufacturing and it was a logical suggestion for the long-term competitiveness of the German economy. The fundamentals of an export-oriented economy need system-level development not to be disadvantaged in the global competition. Building all this on the most modern technologies can be defined as a traditional step. The umbrella term ’Industry 4.0’ has outgrown this step and in 2016 it became an independent agenda item of the World Economic Forum. In this study, with the help of a literature review, we examine which factors of this so-called fourth industrial revolution are similar and which factors are different compared to the previous industrial revolutions. Can the characteristics of industrial revolutions be identified? Is the impact complex and does it influence not only the technology but also the society, the politics, etc.? Whether the use of the term is substantiated or is it only an advanced, fashionable buzzer hanging all today’s forward-looking innovations on the same peg?

scholarly journals Logistics and transport in industry 4.0: perspective for Ukraine

2019 ◽  
Vol 67 ◽  
pp. 03008
Author(s):  
Igor Matyushenko ◽  
Sergiy Berenda ◽  
Tatyana Shtal ◽  
Larissa Grigorova-Berenda
Keyword(s):  
World Trade ◽  
Industry 4.0 ◽  
World Economy ◽  
Business Processes ◽  
Industrial Revolution ◽  
Successful Operation ◽  
Fourth Industrial Revolution ◽  
Interdisciplinary Approaches ◽  
The World ◽  
Logistics Services

The elaboration of the fourth industrial revolution and the process of globalization of the world economy is sine qua non of the successful operation and transformation of logistics. The formation of Logistics 4.0 relies in particular on cutting-edge technologies and the digitalization of business processes. The complexity of the structure of world trade arouses interest to the complete range of logistics services provided within a single company. This logic of development requires the application of interdisciplinary approaches, combined with the efforts of engineers, researchers and those interested in the field of logistics.

scholarly journals Influence of industry 4.0 on the investment activities of transnational corporations

2020 ◽  
Vol 23 (10) ◽  
pp. 68-77
Author(s):  
Natalya Chernenko ◽  
Olena Korohodova ◽  
Tetiana Moiseienko ◽  
Yaroslava Hlushchenko
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Transnational Corporations ◽  
Business Practices ◽  
Investment Activity ◽  
Fourth Industrial Revolution ◽  
The World ◽  
The Impact

The study considers the issue of investment activity of transnational corporations – the largest representatives of world business, which acquire new features that are developed under the influence of the fourth industrial revolution. The study highlighted the increasing role of corporations in the international investment market. The authors mention the features of rhetoric that accompanies the penetration of TNCs into the economic systems of the world and reflects the impact on economic, political, and social components, highlighting the rules of foreign direct investment state regulation, founding the most liberal approaches to attracting FDI. Tracking the changes taking place under the influence of Industry 4.0 allowed to develop a list of features that are inherent in the investment activities of TNCs. Among the inherent features, the reshoring process, which has been used by United States corporations for a long time, is gaining popularity. The study reflects the course of export-import operations with foreign direct investment in the world, which is developed by analysing the data on the flow of FDI imports and exports. It is established that Industry 4.0 is described by such risks, which are developed due to the growth of instability and a high level of uncertainty of the result. Attempts to integrate achievements of the fourth industrial revolution into economic and business practices, which are rapidly taking place in the modern world, are directly related to Ukraine, which is in great need of international financial and technological aid. It is emphasised that TNCs can provide the country with the said resources as the leading investors for Ukraine, despite the fact that in Ukraine the amount of foreign investment from TNCs is currently insignificant and mainly aimed at meeting the needs of the domestic market, own consumption and not in export-oriented industries. The study also analyses the factors of direct influence on the decision of corporate management to conduct business in Ukraine. Furthermore, the study emphasised the necessity of developing and implementing effective state regulatory mechanisms that can balance the interests of leading corporations and national enterprises

scholarly journals Institutional aspects of Russia’s transition to the sixth technological structure: political incentives, economic barriers and environmental impact

2021 ◽  
Vol 258 ◽  
pp. 05037
Author(s):  
Svetlana Zenchenko ◽  
Alexsey Zaytsev ◽  
Anna Savtsova ◽  
Yana Radyukova
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Rapid Development ◽  
Fourth Industrial Revolution ◽  
Political Incentives ◽  
Technological Structure ◽  
The World ◽  
World Economic ◽  
The Government ◽  
Vladimir Putin

The main subject of the World Economic Forum 2016 in Davos was the Fourth Industrial Revolution (Industry 4.0), characterized by, according to the chairman of the world economic fund Klaus Schwab, a combination of technologies that blur the boundaries between the physical, digital and biological spheres. Modern technologies are changing as fast as ever, creating new challenges and identifying promising opportunities for development. Our response to the challenges of Industry 4.0 is the neo-industrialization of the Russian economy, based on the use of modern industrial technologies and the development of human capital. However, the upcoming fourth industrial revolution is a serious challenge for the government. Unfortunately, most experts are not inclined to be optimistic about Russia’s prospects in this race. The main competition of the new revolution is not that much about technologies themselves but about the skills and education that are necessary for their application. Competition is escalating at the level of education systems, but ready-made specialists in the context of globalization still need to be maintained, and so far, the low level of salaries in Russia only contributes to a further ‘brain drain’. Finally, national characteristics and systematic approach are important in the Industry 4.0 development. The development of new industrial revolution elements is uneven, which is why the additional advantages of interdisciplinary research and development are missed out on.The task delivered by the President of Russia Vladimir Putin was to create a ‘smart’ economy, which determines the need for the rapid development of science and the dynamic implementation of its achievements. Since this task covers many aspects of life, a special integrating indicator is required to assess the success of its implementation. The concept of ‘technological structure’ is claiming its role today.

scholarly journals Research of the development of international logistics systems in Ukraine and the world in terms of Industry 4.0

2020 ◽  
pp. 14-21
Author(s):  
Serhii Voitko ◽  
Anastasiia Maksymchuk
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Synthesis Method ◽  
Economic Benefits ◽  
Logistics Systems ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Current Impact ◽  
The Impact

Purpose. The aim of the article is to identify the current impact of Industry 4.0 on international logistics systems and the readiness of logistics companies to implement the principles of Industry 4.0, as well as identify some specific measures that will help companies to reach a higher stage of maturity and to reap the maximum economic benefits from Industry 4.0 and digitalization. Methodology of research. The following methods are used to achieve this goal: abstract and logical – in the study of the essence of categories and concepts in the field of Industry 4.0 and Logistics 4.0; comparative-economic, analytical and synthesis method - while considering the processes of international logistics and Industry 4.0 and the impact of the last one on the development of international logistics systems; methods of statistical qualitative and quantitative comparison, tabular and graphical methods and the method of generalization - to process an array of statistical and empirical data and formulate the relevant conclusions of the study. Findings. The need for adaptation and improvement of international logistics systems due to the introduction of the principles and advantages of Industry 4.0 and Logistics 4.0 has been identified. The necessity of further analysis of the state of development of international logistics systems in the conditions of formation of the newest mechanisms of realization of logistic activity is established. The classification of the newest levels of logistics providers which already directly arise and will arise in the conditions of Industry 4.0 is offered. It is proved that logistics companies of different types are still developing in parallel in the context of globalization and the impact of Industry 4.0 and Logistics 4.0 on international logistics systems. The expediency of introducing the principles and advantages of the Fourth Industrial Revolution into the activities of large world companies and the inevitability of the impact of Industry 4.0 on international logistics processes in the world are substantiated. Originality. The substantiation of the possibilities of improving the international logistics systems on the basis of Industry 4.0 and Logistics 4.0 due to the formation of new levels of logistics operators was further developed. The practical value. The obtained results of the study can be used to improve international logistics systems, in particular the logistics systems of the large corporations, by forming in the conditions of Industry 4.0 a new and more advanced levels of logistics providers. Key words: Fourth industrial revolution, logistics, the Internet of Things, «Industry 4.0», international logistics systems.

scholarly journals SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT AS A FACTOR OF ACCELERATING ECONOMIC GROWTH IN RUSSIA

2021 ◽  
Vol 230 (4) ◽  
pp. 237-244
Author(s):  
E.B. LENCHUK ◽  
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Large Scale ◽  
Industrial Revolution ◽  
Technological Development ◽  
Technological Basis ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Sustainable Economic Growth ◽  
Scientific And Technological Development

The article deals with the modern processes of changing the technological basis of the world economy on the basis of large-scale transition to the use of technologies of the fourth industrial revolution, shaping new markets and opens up prospects for sustainable economic growth. It is in the scientific and technological sphere that the competition between countries is shifting. Russia remains nearly invisible player in this field. The author tried to consider the main reasons for such a lag and identify a set of measures of state scientific and technological policy that can give the necessary impetus to the scientific and technological development of Russia.

scholarly journals Post Human Craft: A Humble Attempt to Reorient Makers to the Inevitable

Cubic Journal ◽  
2020 ◽  
pp. 150-165
Author(s):  
James Stevens ◽  
Keyword(s):  
Human Evolution ◽  
Industrial Revolution ◽  
First Century ◽  
World Economic Forum ◽  
Profound Change ◽  
Fourth Industrial Revolution ◽  
The World ◽  
World Economic ◽  
Digital Algorithms ◽  
Waking Up

Nearing the end of the second decade of the twenty-first century many craftspeople and makers are waking up to the inevitable reality that our next human evolution may not be the same, that this time it could be different. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum refers to what we are beginning to experience as the Fourth Industrial Revolution (Schwab 2017, 01). Schwab and his colleagues believe that this revolution could be much more powerful and will occur in a shorter period than the preceding industrial and digital revolutions. This revolution will cause a profound change in how we practice, labour and orient ourselves in the world. Rapidly evolving technologies will proliferate the use of robotics and personalised robots (co-bots) that can sense our presence and safely work alongside us. Digital algorithms are already becoming more reliable predictors of complex questions in medicine and economics than their human counterparts. Therefore, the gap between what a computer can learn and solve and what a robot can do will quickly close in the craft traditions. This article will engage in the discourse of posthumanism and cybernetics and how these debates relate to craft and making. Intentionally this work is not a proud manifesto of positions, strategies, and guidelines required for greatness. Alternatively, it is a humble attempt to reorient makers to the necessary discourse required to navigate the inevitable changes they will face in their disciplines. Thus, the article seeks to transfer posthumanist literary understanding to intellectually position craft in the Fourth Industrial Revolution.

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