The Method to Enhance the Global Competitiveness of SME on the Fourth Industrial Revolution

In October 2018 an updated Global Competitiveness Index (GCI) 4.0 was introduced in the Global Competitiveness Report2018. Inthe article identify the main differences in the structure and methodology of calculating GCI in the editions of the Global Competitiveness Report 2017–2018 and the Global Competitiveness Report2018. Areview of a number of sources showed that researchers don’t pay enough attention to innovations in the structure and methodology of calculating GCI 4.0. As a result of analyzing the structure and methodology of calculating GCI 4.0, it was revealed that a number of adjustments were made in the Index aimed at marking the importance of the Fourth Industrial Revolution, equalization the conditions when calculating the Index for countries at different stages of development, and taking into account current tendencies of the world economy. In conclusion, the author emphasizes that these innovations have reduced the high degree of subjectivity of the GCI, eliminated a number of difficulties in independent determining the value of the Index and increased the transparency of the calculations.

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The Fourth Industrial Revolution: Technology and Education

Journal of Systemics, Cybernetics and Informatics - Special Issue on Inter-Disciplinary Research and Communication ◽

10.54808/jsci.19.08.53 ◽

2021 ◽

Vol 19 (8) ◽

pp. 53-63

Author(s):

Jasmin Cowin

Keyword(s):

Curriculum Design ◽

Intelligent Systems ◽

Industrial Revolution ◽

Global Scale ◽

Learning Networks ◽

Design Assessment ◽

Global Competitiveness ◽

Personal Learning ◽

Fourth Industrial Revolution ◽

Technological Advances

The convergence of data, computation, and globalization in education has far-reaching consequences for educational stakeholders, institutions, and learners. Terms such as the Fourth Industrial Revolution, artificial intelligence (AI), exponential technology, deep learning, personalized competency-based learning, and distributed ledger technology networks (DLTNs) are indicators of the changing dialogue between education stakeholders, businesses, and government aspirations on a global scale. Location-independent virtual environments promise an exponential expansion that goes beyond brick-and-mortar schools, colleges, and universities. AI and intelligent systems are poised to become global change agents in education, ushering in profound changes in administrative functions, strategic planning, data aggregation, student acquisition and retention, and alternative currencies, as well as curriculum design, assessment, personal learning networks, and global competitiveness generally of both institutions and their graduates. The quality of the education a nation's schools, educational institutions, and teachers provide, along with investments in science, technology engineering, and mathematics education, directly impact economic prosperity and global competitiveness. This paper explores some of the interdependencies that arise from supercharged technological advances such as AI augmented reality digital technologies (ARDTs) and DLTNs and their possible impact on education, educators, learners, and society. In addition, it unbundles the meaning and use cases of AI, ARDTs, and DLTNs in education.

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The science and technology imperative for Russia's competitiveness during the conceptualization of the Fourth Industrial Revolution (Industry 4.0)

Economic Analysis Theory and Practice ◽

10.24891/ea.19.3.454 ◽

2020 ◽

Vol 19 (3) ◽

pp. 454-474

Author(s):

O.N. Baburina ◽

L.K. Gurieva

Keyword(s):

Division Of Labor ◽

National Economy ◽

Industrial Revolution ◽

Industrie 4.0 ◽

The State ◽

Innovative Activity ◽

International Division ◽

Global Competitiveness ◽

Fourth Industrial Revolution ◽

Global Competitiveness Index

Subject. The article discusses the state and potential of S&T development in Russia in terms of the competitiveness of the national economy at the dawn of the fourth industrial revolution. Objectives. The research is aimed to examine Russia's position in the Global Competitiveness Index, considering the way countries worldwide prepare for the fourth industrial revolution. We also determine Russia's part in the global economy and international division of labor. The article also formulates the issue of S&T development so as to outline recommendations for the national economic policy. Methods. The research employs the new methodology of the World Economic Forum during the rise of Industrie 4.0. Other tools include the microsystems analysis, statistical, historical and comparative methods. Results. Considering the low innovative activity of entities and relatively low R&D costs, we still emphasize the resource-based profile of Russia's foreign trade. We substantiate the possibility of increasing the global competitiveness of the national economy and imperative nature of S&T development in the country concurrently with the fourth industrial revolution. Conclusions. Despite the slugging innovative activity and insufficient labor productivity for technological business, Russia's economy continues to climb the Global Competitiveness Index. There are respective conditions for information technology and creation of the large national market in Russia. Thus, Industrie 4.0 clears new horizons for Russia to change its positions in the international division of labor. The State should contribute to the development of the national S&T potential, increase innovation investment, and undertake active measures to prevent social issues and overcome the regressing integration of Russia into the global microsystem.

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INDUSTRIAL REVOLUTIONS AND SHIFTING OF GLOBAL COMPETITIVENESS

International Journal of Innovation and Industrial Revolution ◽

10.35631/ijirev.37003 ◽

2021 ◽

Vol 3 (7) ◽

pp. 19-30

Author(s):

FThilanka Baratha Dewanarayana ◽

Wijitapure Wimalaratana

Keyword(s):

Industrial Revolution ◽

Manufacturing Sector ◽

Labor Cost ◽

Relative Cost ◽

Global Competitiveness ◽

Fourth Industrial Revolution ◽

Product Identity ◽

The World ◽

Individual Economy ◽

Industrial Revolutions

Industrial revolutions marked rapid structural transformation in the manufacturing sector making changes to production processors and products while reshaping the lifestyle across the world. Industrial revolutions redefined the product identity of every individual economy with the changes of specializations acquired through different manufacturing sectors. Similarly, new sets of countries emerged as industrial input providers as well as output buyers. At the same time, the world specialization in the manufacturing sector diversified along with the expansion of global value chains. As a result, the final product is assembled in one location while a multitude of components is produced globally by different countries. The intention of the article is to examine the shift of global competitiveness throughout the last two decades with the emergence of the Fourth Industrial Revolutionary implications especially among Developed Economies and Newly Industrial Economies. The international competitiveness of a country is mainly decided by the relative cost of production. The relative cost is again decided by the productivity, availability of quality resources including labor, cost of doing business, favourable macroeconomic factors, and institutional factors. The main objective of this study is to focus the attention on the reshaping of the global competitiveness map along the timeline as a result of technological spikes known as industrial revolutions paying special attention to the fourth industrial revolution. The secondary sources are tapped for the necessary information and mixed-method is applied to analyze the gathered data. The implications of the fourth industrial revolution show the reshaping of the global competitiveness landscape faster than the previous industrial revolutions. Countries with more commercialized innovations, intellectual property rights, and adopting key technologies such as artificial intelligence, big data analytics, the internet of things, cloud computing, 3D printing, and simulations in production are at the forefront of the competitiveness in the manufacturing sector.

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