scholarly journals The Background and Perspective of the Development of the 4th Industrial Revolution

2018 ◽  
Vol 6 (4) ◽  
pp. 52-55
Author(s):  
L. Vishneva
Keyword(s):  
Global Economy ◽  
Historical Perspective ◽  
Industrial Revolution ◽  
Driving Factors ◽  
Digital Revolution ◽  
Vital Part ◽  
Ambiguity Effect ◽  
High Degree ◽  
Near Future

Today the 4th Industrial revolution (also called the Digital revolution) embraces the global economy rapidly, becomes a vital part of almost every sphere of life. In the article, a description of the main aspects arousing the development of the Digital revolution if given; its most vital driving factors, challenges and threats for the present economy are characterised. Also, the ambiguity effect of the 4th Industrial revolution is considered; much attention is paid to the outcomes which can be observed today or with the high degree of possibility will arise in the near future in the most important spheres of life: economic, political and socio-cultural ones. The possible ways of overcoming the risks and reducing the influence of threats caused by the 4th Industrial revolution are described. Overall, the problem of digitalisation is considered from the historical perspective.

scholarly journals POSITIONING MALAYSIA IN THE REALM OF GLOBAL UNCERTAINTY: ANALYSING ITS CONCERN AND STRUGGLES OF PAKATAN HARAPAN GOVERNMENT

2020 ◽  
Vol 16 ◽  
pp. 159-182
Author(s):  
Zokhri Idris
Keyword(s):  
Foreign Policy ◽  
Global Economy ◽  
Industrial Revolution ◽  
Chinese Economy ◽  
Kuala Lumpur ◽  
China Trade ◽  
Nation States ◽  
Near Term ◽  
Production House ◽  
Near Future

The US-China trade war juggernaut has shackled the political, economic and social landscapes of nation states globally at varying degrees. While trade talks are still ongoing and President Trump has hinted at the possibility of an interim agreement, the prospects of both sides agreeing on a comprehensive US-China trade deal in the near-term remains cloudy. Several factors place Malaysia to be in interesting position. First, Malaysia has and is still a geopolitically important trading route. Being an integral component to the production house of the global supply chain of finished products, its economy depends highly on the movement of goods and global currency. Furthermore, Malaysia is dominantly attached to the Chinese economy. It implies the fact that trade protectionism in the U.S. has resulted into a slowdown of Chinese growth, which eventually will have a domino effect on the Malaysian economy. Worsening the situation, COVID-19 shuts down major operations in the world, disrupting global supply and chain. Countries react towards inward strategies, alleviating national security and domestic economies at the expense of globalization process. While we have passed the first wave and re-generating world economy, global economy trajectory is still deemed ambiguous. China, as major hub for manufacturing, supply and chain is affected and struggles to increase its GDP from 6.1% end of 2019. In surfacing this uncertainty, the seventh Prime Minister Dr. Mahathir Mohammed lays out three frameworks that guide the conduct of Malaysian foreign policy. First, Malaysia remains as an active discussant at all platforms which Kuala Lumpur is already a member. Second, it will communicate its influence towards any decision-making processes in platforms which Kuala Lumpur is not a member. Third, Kuala Lumpur will align with the increasing penetration of Industrial Revolution 4.0 and the blue economy. Should this be the way from 2020 onwards or new strategies ought to be crafted? What are the contemporary indicators Kuala Lumpur having to consider? Eventually, what could be the ultimate message Malaysia in positioning herself, which described her synergies and potential in near future? These questions will guide to examine the feasibility of Change in Continuity as a conduct of Malaysian foreign policy in near future.

Desserts With Oasis—SkillGap Analysis Into Dubai’s Labour Intensive Market

2019 ◽  
Vol 118 (11) ◽  
pp. 533-541
Author(s):  
Dr. Premila Koppalakrishnan
Keyword(s):  
General Population ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Digital Revolution ◽  
Scholarly Community ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Basic Level ◽  
The Revolution

The world stands on the precarious edge of an innovative transformation that will on a very basic level modify the manner in which we live, work, and identify with each other. In its scale, degree, and unpredictability, the change will be not normal for anything mankind has encountered previously. We don't yet know exactly how it will unfurl, however one thing is clear: the reaction to it should be incorporated and exhaustive, including all partners of the worldwide nation, from the general population and private segments to the scholarly community and common society. It is The Fourth Industrial Revolution, the digital revolution. The digital revolution has opened way for many impacts. All of the emirates are experiencing the effects of the “Fourth Industrial Revolution.” This revolution reflects the velocity, scope, and systems impact of a digital transformation that is changing economies, jobs, and work as it is currently known. Characteristics of the revolution include a fusion of technologies across the physical, digital, and biological spheres.

Improving inter-budgetary relations as a factor of regional economic security

2018 ◽  
Vol 35 (2) ◽  
pp. 102-108
Author(s):  
G. I. Nemirova ◽  
L. B. Mokhnatkina
Keyword(s):  
Russian Federation ◽  
System Approach ◽  
Global Economy ◽  
Federal Budget ◽  
Economic Security ◽  
Regional Economic ◽  
The Russian Federation ◽  
High Degree

The article analyzes threats to regional economic security caused by a high degree of centralization of revenues at the Federation level with decentralization of expenditure obligations. The influence of the global economy on the formation of the revenues of the federal budget and the budgets of the subjects of the Russian Federation is determined. On the basis of the system approach, proposals have been developed to establish targets for the formation of interbudgetary relations from the point of ensuring regional economic security. 

scholarly journals Strategic Challenges of Human Resources Allocation in Industry 4.0

Information ◽  
2021 ◽  
Vol 12 (3) ◽  
pp. 120
Author(s):  
Majid Ziaei Nafchi ◽  
Hana Mohelská
Keyword(s):  
Czech Republic ◽  
Human Resources ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
High Tech ◽  
Economic Sectors ◽  
The Czech Republic ◽  
Services Sector ◽  
Productivity And Competitiveness ◽  
Near Future

The emergence of the fourth industrial revolution (Industry 4.0, hereinafter I 4.0) has led to an entirely fresh approach to production, helping to enhance the key industrial processes and therefore increase the growth of labor productivity and competitiveness. Simultaneously, I 4.0 compels changes in the organization of work and influences the lives of employees. The paper intends to construct a model for predicting the allocation of human resources in the sectors of the national economy of the Czech Republic in connection with I 4.0. The model used in this research visualizes the shift of labor in the economic sectors of the Czech Republic from the year 2013 to the following years in the near future. The main contribution of this article is to show the growth of employment in the high-tech services sector, which will have an ascending trend.

scholarly journals Urban Rivers Corridors in the Don Catchment, UK: From Ignored, Ignoble and Industrial to Green, Seen and Celebrated

2021 ◽  
Vol 13 (14) ◽  
pp. 7646
Author(s):  
Ed Shaw ◽  
Debbie Coldwell ◽  
Anthony Cox ◽  
Matt Duffy ◽  
Chris Firth ◽  
...  
Keyword(s):  
Industrial Revolution ◽  
Urban River ◽  
Urban Rivers ◽  
River Habitat ◽  
Negative Perceptions ◽  
High Degree ◽  
River Corridors ◽  
Advance Knowledge ◽  
Ecological Recovery

Research on urban rivers often seeks to find commonalities to advance knowledge of the effect of urbanisation on rivers, and rightly so. But it is important, also, to develop a complementary understanding of how urban rivers can be distinct, to facilitate a more nuanced view of concepts such as the ‘urban river syndrome’ and of the challenges facing those who wish to create more sustainable urban river corridors. To this end we use the Don Catchment as a case study to illustrate how historic patterns of urbanisation have been fundamental in shaping the catchment’s rivers. Following the Industrial Revolution, the catchment became an industrial centre, resulting in the ecological death of river ecosystems, and the disconnection of communities from stark urban river corridors. Widescale deindustrialisation in the 1970s and 1980s then resulted in a partial ecological recovery of the rivers, and ignited public interest. This history has imbued the catchment’s urban river corridors with a distinctive industrial character that can vary greatly between and within settlements. It has also left a legacy of particular issues, including a high degree of river habitat fragmentation and physical modification, and of negative perceptions of the rivers, which need improving to realise their potential as assets to local communities.

scholarly journals Polish Employment Law in the Face of Digitization and New Technologies

2019 ◽  
pp. 118-131
Author(s):  
Ewa Suknarowska-Drzewiecka
Keyword(s):  
Industrial Revolution ◽  
New Technologies ◽  
Personal Data ◽  
Employment Relationship ◽  
Digital Platforms ◽  
Digital Revolution ◽  
Personal Rights ◽  
The Face ◽  
Definition Of ◽  
Control Work

The digital revolution, also called the fourth industrial revolution, constitutes another era of change, caused by the development of computerisation and modern technologies. It is characterised by rapid technological progress, widespread digitisation and an impact on all areas of life, including the provision of work. The changes affecting this area are so significant that there are proposals to remodel the definition of the employment relationship in the Labour Code. New forms of employment, which do not fit the conventional definition of an employment relationship, are emerging and gaining importance. An example could be employment via digital platforms. At the same time, there are also employment forms that do fit that definition, but deviate from the conventional understanding of the terms and conditions for performing work, which have undergone modification due to the use of new technologies. Teleworking, or working outside the employer’s premises, are examples of that. Employers get further opportunities to organise and control work, which often raises concerns due to the employee’s right to privacy, the protection of personal rights and personal data.

scholarly journals Cyber security and need to change the model of monitoring fraud and financial crime

2020 ◽  
Vol 8 (2) ◽  
pp. 86-94
Author(s):  
Nikola Radić
Keyword(s):  
Information Flow ◽  
Cyber Security ◽  
Financial Crime ◽  
Digital Revolution ◽  
Use Of Data ◽  
Illegal Behavior ◽  
Risk Functions ◽  
The World ◽  
High Degree ◽  
Trade Wars

The world is fundamentally changing , which leads to dramatic changes in opportunities and risks. In this regard, banks are facing three interrelated fundamental changes. First, the digital revolution has drastically increased the availability and use of data and the speed of decision-making. Second, technological innovation accelerates changes in the competitive and consumer environment in which banks operate. Finally, hyperconnection multiplies the speed of information flow and reshapes the way people think and act, influencing the nature of a bank's relationship with its customers and other stakeholders. The unprecedented speed of change and the high degree of uncertainty suggest the need to introduce different approaches to risk. For banks and other financial institutions, threats arise inside and out, ranging from inappropriate and illegal behavior by employees, to sophisticated cybercrime, trade wars and climate change. As a result, risk functions need to become more dynamic and flexible, they need to help guide institutions through a complex and changing environment of opportunities and risks, while meeting new expectations key actors - regulators, legislators, shareholders, customers (clients) and the community as a whole. The paper especially emphasizes the issue of fraud, various forms of financial crime in relation to cyber security.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

scholarly journals Internet finance: Digital currencies and alternative finance liberating the capital markets

2015 ◽  
Vol 4 (4) ◽  
pp. 190-201 ◽  
Author(s):  
Kim Wales
Keyword(s):  
Capital Markets ◽  
Financial Services ◽  
Global Economy ◽  
Industrial Revolution ◽  
Peer To Peer ◽  
Agricultural Revolution ◽  
Internet Finance ◽  
P2p Lending ◽  
Conducting Wire ◽  
Alternative Finance

This article discusses how the sudden shift in policy reform and innovation has the potential to liberate the financial markets. The economic potential of internet finance is beginning to take hold across the capital markets as industries like Peer – to – Peer Lending, Equity and Debt based Crowdfunding and virtual currencies and cryptocurrencies which are types of digital currency are quickly transforming the way businesses are being financed. From borrowing and lending, buying and selling securities, to conducting wire transfers internationally, these innovations are creating a new class and generation of investors will source investments opportunities. Helping institutions and governments assess risks and manage performance in order to determine where to deploy capital; and showing signs of lessening the inequality gap. Following the neolithic agricultural revolution and the industrial revolution, this new revolution will enable more people to access financial services in less traditional ways, especially the unbanked world with its huge potential. These new financial opportunities, such as peer – to - peer (P2P) lending, will be discussed and examined, and we will stress how they can allow people to bypass current barriers in the global economy. We conclude by arguing that all these developments, energized by the efforts of innovators and entrepreneurs, have the potential to radically transform the world in which we live, while promoting the core values of industrialized societies including democracy, capital formation, sustainability, and equality without solely relying on tax increases.

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