Industry 4.0 and International Trade: The Case of Turkey

With Industry 4.0 and now 5.0 technologies, the entire globe is embracing these changes. Artificial intelligence-powered systems have immense potential to eliminate international geographical barriers and prove to influence global trade worldwide. The present study highlights how AI increases productivity, economic development, and provides international trade with new horizons. The global value chains, prediction of future trends like changes in consumer demand, risk management, supply chain links are some of the key applications of AI in the sector. AI empowers international trade negotiations to analyze economic trajectories of negotiating partners, adjustments of trade barriers at different rates and scenarios. The chapter will cover the support of AI to access global trade data, its response to diverse challenges, international expansions through digital platforms, support in translations, mechanism of demand prediction, automation of administration with increased efficiency and utility, smart manufacturing, barriers, and influences.

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INDUSTRY 4.0 AND IT’S INFLUENCE TOWARDS REORIENTATION OF INTERNATIONAL TRADE BEHAVIOUR

Journal of Islamic World and Politics ◽

10.18196/jiwp.4251 ◽

2020 ◽

Vol 4 (2) ◽

Author(s):

Javier Ashar

Keyword(s):

International Trade ◽

Industry 4.0

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FACTORS RESPONSIBLE FOR EXPANSION OF BELARUSIAN-ROMANIAN TECHNOLOGICAL COOPERATION

Экономическая наука сегодня ◽

10.21122/2309-6667-2021-13-119-125 ◽

2021 ◽

pp. 119-125

Author(s):

S. Solodovnikov

Keyword(s):

Developing Countries ◽

International Trade ◽

World Trade ◽

Industry 4.0 ◽

Raw Materials ◽

Domestic Demand ◽

Goods And Services ◽

Technological Cooperation ◽

The Social ◽

New Industrialization

The article reveals the factors that determine the need to expand the Belarusian-Romanian technological cooperation in the context of the new industrialization of the two countries, namely: the change in the dynamics of foreign trade under the influence of the growing domestic demand of developing countries; reducing the share of intermediate goods and services in international trade; the growing impact of new and emerging technologies on world trade; the need for a new industrialization within the social paradigm Industry 4.0; an unprecedented degree of concentration in several countries of the most important raw materials required for the modern stage of industrialization; an unprecedented rise in global social inequality.

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Dronology and 3D Printing as a Catalyst for International Trade in Industry 4.0.

WSEAS TRANSACTIONS ON ENVIRONMENT AND DEVELOPMENT ◽

10.37394/232015.2021.17.71 ◽

2021 ◽

Vol 17 ◽

pp. 740-757

Author(s):

Ilona Dumanska ◽

Dmytro Vasylkivskyi ◽

Igor Zhurba ◽

Yana Pukhalska ◽

Olha Matviiets ◽

...

Keyword(s):

International Trade ◽

3D Printing ◽

Industry 4.0 ◽

Large Scale ◽

Business Models ◽

Industrial Revolution ◽

Innovation Process ◽

Printing Technology ◽

3D Printing Technology ◽

The Impact

The article reveals the content of Industry 4.0 technologies in the subsystems of international trade. The destructive type of innovations of the fourth industrial revolution on traditional spheres of trade is defined. The types of modern innovations related to the technologies of Industry 4.0 and form competitive advantages in successful global brands are identified and characterized, they are reviewed for the presence of common features inherent in its technologies and innovations in general. The influence of Industry 4.0 on the stages of introduction of the innovation process in international trade is analysed. It is established that at the stage of experimental implementation of innovations, omnichannel logistics, drones, and 3D printing have a high level of influence, which are trends in the miniaturization of the economy and the concept of «smart enterprise». An analysis of the impact of the trend of changes from Industry 4.0 innovations in international trade through the impact on consumer behavior and the functioning of business models of enterprises. The expediency of introduction of drones in the aspect of expansion of sales channels and receipt of goods on the basis of the omnichannel approach of increase of volumes of the international trade is proved. Existing and perspective spheres of application of drone logistics are analysed. A positive effect in terms of optimizing the cost of maintaining employees through the use of drones on the example of warehousing and fast delivery of goods to order. The problem of large-scale introduction of drones to exacerbate the issue of replacing workers in entire industries with artificial intelligence and the need to learn new professions is outlined. The influence of additive production on international trade by introduction of 3D printing technology is analysed, the spheres of its application and consequences of introduction are defined. The reality of the scenario forecast of development of 3D printing and its influence on subsystems of the international trade, chains of delivery of the goods, formation of stocks of raw materials and materials is considered. The possible consequences of the application of 3D printing technology for the field of intellectual property are described. It is proved that the key catalysts of Industry 4.0 at the level of international trade are innovations in the form of attracting drones to logistics supply and marketing systems and inventory optimization by expanding the scope of 3D reproduction techniques.

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