Socialisation of the economy as a response to the challenges of technological revolutions: views from the past to the present and the future

Author(s):  
Gleb A. Maslov ◽  

The article describes the technological prerequisites for socialisation of economy. It is shown that the transition to a new technological level has highlighted market constraints throughout history. This necessitated external intervention, and these processes were reflected in various directions of economic theory. The approaches of the German historical school, the Swedish school, and German ordoliberalism are highlighted, in particular. The current challenges of the fourth industrial revolution are associated with the growth of externalities and increased international competition. The state is forced to play a more active role in national economies in new technological conditions. Socialisation processes develop within the «main lines» of capitalism development. One of them is presented in the modern concept of noonomy.

History has always been a great indicator of past behaviour as well as of future trends. However, when you think of what future jobs may look like, you do not certainly expect to find a plausible response in the past. Technologies and scientific advancements in general make it almost impossible to predict what you will be required to know in order to get—or maintain—your job in the next six months, let alone in the next couple of years. Whilst disruption seems such a new concept nowadays, we will learn that disruptive innovations have always been part of our story. The authors look at the major industrial revolutions known to humans and discuss patterns to help us prepare for the forthcoming future.


Author(s):  
Huma Sikandar ◽  
Yamunah Vaicondam ◽  
Nohman Khan ◽  
Muhammad Imran Qureshi ◽  
Abrar Ullah

<p class="0abstract">The fourth industrial revolution is progressing very rapidly. This research aims to investigate the research patterns and trends of industry 4.0 research with a focus on manufacturing. This bibliometric analysis is performed on data of the past five years (2016 to 2020) retrieved from the Scopus database. This research is conducted on 1426 articles in which the top productive countries, authors, institutions, and most cited articles were investigated. Findings demonstrated that Italy, the United States, and China are the most active countries in terms of research publications. South China University of Technology (China) has been identified as the most productive institution.  Wan, J., Li, D., Rauch, E. were found to be the most productive authors. Industry 4.0 is primarily focused on the fields of engineering and computer science and sustainability is the most prolific journal. Co-occurrence analysis of keywords, co-authorship analysis of authors and countries were carried out along with bibliographic coupling of documents using VoS viewer which is the most common information visualisation software. This article summarises the growth of Industry 4.0 in the past five years and gives a short overview of the related works and applications of Industry 4.0.</p>


F1000Research ◽  
2021 ◽  
Vol 10 ◽  
pp. 1055
Author(s):  
Wei Ling Kwan ◽  
Magiswary Dorasamy ◽  
Abdul Aziz Bin Ahmad ◽  
Jayamalathi Jayabalan ◽  
Pradeep Kumar ◽  
...  

Background: In the era of the Fourth Industrial Revolution (IR 4.0), digital taxation emerged as a tool for accelerating the economic growth of a nation. While Industry 4.0 focuses on enabling real-time decision-making with sophisticated technology to enhance productivity, digital taxation can serve as an important tool for improving business sustainability. Institutions of higher learning (IHL), which aim to design an IR 4.0 educational ecosystem, can embrace digital taxation, as they face various challenges with different resources. The literature indicates that frugal innovation through digital taxation in institutions of higher learning, can solve emerging resource challenges. Method: We present a systematic review of studies on digital taxation to promote frugal innovation published in the past three decades (1991 to 2021). We obtained a total of 21 papers from a ‘digital taxation’ keyword search, 10 of which were related to digital taxation. However, the 10 papers were not related to frugal innovation. Result: We present two major findings. Firstly, research on digital taxation for frugal innovation is scant. Secondly, challenges exist in digital taxation implementation, which requires further attention. Conclusion: We conclude this review with a recommendation for the conceptual framework, to highlight potential research warranting the attention of the research community.


2020 ◽  
Vol 26 (6) ◽  
pp. 1263-1283
Author(s):  
Beata Ślusarczyk ◽  
Manuela Tvaronavičienė ◽  
Adnan Ul Haque ◽  
Judit Oláh

This study examines the influence of the fourth industrial revolution on global and national economies by considering the case of Hungary, Canada and Poland. The research compares local logistic business to gain insight about the implementation of Industry 4.0 practices through exploring existing limited knowledge, preparing staff for challenges, implementation barriers, recognizing potentials and implications of Industry 4.0. Using mixed sampling strategies, we gathered data from 180 logistic enterprises (60 each in considered economies) and established the multi-predictors to investigate the relationship between Industry 4.0 technologies and performance of enterprises. Results revealed that all considered predictors are statistically significant in affecting the impact of Industry 4.0 technologies on the performance of enterprises in all three economies. However, the magnitude of impact differs to some extent. The authors propose recommendations for implications of Industry 4.0 technologies.


Author(s):  
Kapila Fonseka ◽  
Dr. Adam Amril Jaharadak ◽  
Dr. Murali Raman ◽  
Dr. Isuri Roche Dharmaratne

With the onset of the fourth industrial revolution, technology has become a decisive part of human lives, and is used to speed up the processes of individuals and firms. The connected life employing the internet such as the adoption of e-commerce, which is an innovative technology adoption by firms as part of their business strategies is also one of the elements in the fourth industrial revolution, The successful innovative adoption is a critical task for any company and therefore, during the past few decades, the researchers have applied a few technological adoption models for their studies at the firm level.This paper aims to find-out the technological adoption models which were adopted by the researchers during the recent past for their technology adoption studies at a firm-level, especially on e-commerce adoption and implementation. Hence, this study focused on 50 empirical studies related to the technology adoption in different contexts within the past ten years and identified TOE and DOI theories, which are mostly applied or adopted by the researchers.


Author(s):  
A. N. Spartak

The article considers modern concept of the Fourth Industrial Revolution, its basic components, effects on production, business processes, value and supply chains. The author has specified five most important effects of the Fourth Industrial Revolution on international trade and global commerce: shifts in the structure and configuration of international trade, including flow of many operations with real goods and services into digital space and trade localization impulses on part of distributed manufacturing and decentralized value chains; enhancing global competition and its shift to non-material sphere; appearance of the new formats and opportunities for international business due to digitalization, more inclusive cross-border commerce and expansion of cloud employment; regulatory changes to deal with fast growing digital trade with participation of companies, entrepreneurs, households and actually beyond national jurisdictions, emergence of the new generation above the border disciplines related to regulation of commercial relations in virtual space; systemic effects of technological transformation on international trade, i. a. blurring of lines between crossborder and domestic operations in the globalized digital environment, erosion of the concept of foreign trade specialization traditionally determined by the availability of factors of production and necessary competences. Many of the expected changes will have radical character for existing view of international trade. Understanding of these changes is of vital importance for elaboration of the effective external positioning strategy for Russia.


Electronics ◽  
2021 ◽  
Vol 10 (21) ◽  
pp. 2658
Author(s):  
In Lee

A service robot performs various professional services and domestic/personal services useful for organizations and humans in many application domains. Currently, the service robot industry is growing rapidly along with the technological advances of the Fourth Industrial Revolution. In light of the great interest and potential of service robots, this study conducts a systematic review of the past and current research in service robots. This study examines the development activities for service robots across applications and industries and categorizes the service robots into four types The categorization provides us with insights into the unique research activities and practices in each category of service robots. Then, this study analyzes the technological foundation that applies to all four categories of service robots. Finally, this study discusses opportunities and challenges that are understudied but potentially important for the future research of service robots.


2021 ◽  
Vol 100 ◽  
pp. 01003
Author(s):  
Iluta Arbidane ◽  
Hanna Purii ◽  
Abdukhakim Mamanazarov ◽  
Serhii Hushko ◽  
Volodymyr Kulishov

The article studies modern concepts and theories of digital transformation of society, analyzes structural changes in the economy during the fourth industrial revolution, presents different views of experts on the expected positive results of Industry 4.0 in the context of globalization. The authors suggest models and correlate increment rate dynamics with the information globalization index in the world and individual countries, and identify trends in the development of digital transformation in the context of slowbalization. The study considers possible consequences and risks of Industry 4.0 and ways to level them, outlines the priority areas of digital transformation to ensure high competitiveness of national economies in the period of slowbalization.


2018 ◽  
Vol 14 (3) ◽  
pp. 79-86
Author(s):  
M. Yudina

The object of the study. Labour market in the period of the transition to the fourth industrial revolution.The subject of the study. Protection of social and labour rights of workers during the transition period.The purpose of the study is the assessment of the possibilities of Unions to reduce precarious employment.The main provisions of the article. The development of technologies of the fourth industrial revolution leads to radical changes in the labour market. Various new spheres of activity and forms of labour relations are emerging that are outside the statutory rules, which contributes to the growth of precarious employment and the violation of previous social guarantees of workers. The General trend towards individualization of work, which began at the beginning of the third industrial revolution, is becoming even more pronounced in the era of the Industry 4.0. Together with increased competition for jobs, this impedes the collective struggle of workers for their rights, which contributes to increased exploitation and social inequality. The response is a new type of workers ' movement, which often occurs spontaneously, on the basis of one-time protests of workers, who often do not interact with each other in the process of labour. The development of interaction within the framework of Internet platforms has shown its ambiguity in the case of the labour market: allowing more and more people to work remotely, the network has also given new possibilities to the organizations of workers in an environment where in the framework of the past organizational structures their importance fell. New professional communities with a horizontal structure, organized often by independent, but having common problems with the protection of their rights by employees, become a counterbalance to network business structures. Activists are now online negotiating future strikes, advising each other on legal issues, but the question remains: will they be able to achieve traditional social guarantees for their members in the changed economic conditions? As the number of remote, "flexible" jobs grows, the struggle for decent working conditions is often reduced to the struggle for decent pay. Only a few trade unions decide to demand retraining opportunities from employers, which is the most urgent need of workers in the conditions of forecasts about automation of up to 50% of jobs. For Russian trade unions, the problem of legislative restrictions on mass actions remains relevant, which unwittingly inclines many workers to individual struggle for their rights.A significant role in the revival of the labour movement is played by young people, who, according to the results of research under the grant of RPF № 16-18-10140, more often than other age groups are faced with the problem of precarious employment. Comparative analysis of foreign and Russian studies of the Millennials generation shows their sharp difference from all previous generations. Unions must find ways to attract, effectively organize and educate generation Y in matters of law to fight for their rights. The key to this can be the use some characteristics of this generation, like their desire for entertainment and will to contribute and differ from others. It is generation Y that will become the basis of the labour force in the active phase of the fourth industrial revolution, so it is crucial to provide them with tools to fight for their social and labour rights. Trade unions, which will not be able to attract them to their ranks, will remain in the past.


Sign in / Sign up

Export Citation Format

Share Document