Industry 4.0 as the Last Industrial Revolution and Its Opportunities for Developing Countries

2021 ◽  
pp. 1113-1128
Author(s):  
Egemen Hopali ◽  
Özalp Vayvay
Keyword(s):  
Developing Countries ◽  
Competitive Advantage ◽  
Emerging Economies ◽  
Value Chain ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Business Partners ◽  
The World ◽  
New Perspective

In this chapter, better understanding of Industry 4.0 is presented by investigating the role of different technologies and business partners on success of Industry 4.0. Enablers for smart factory are discussed in detail, and how to match these enablers with value chain partners of Industry 4.0 are identified as a new perspective on Industry 4.0. Furthermore, the aim of this chapter is to present actions to be taken from the point of the emerging economies to sustain and increase competitive advantage by catching and implementing Industry 4.0. Consequently, Industry 4.0 can enable developing countries to get a bigger slice of the world manufacturing value chain.

Industry 4.0 as the Last Industrial Revolution and Its Opportunities for Developing Countries

2018 ◽  
pp. 65-80 ◽  
Author(s):  
Egemen Hopali ◽  
Özalp Vayvay
Keyword(s):  
Developing Countries ◽  
Competitive Advantage ◽  
Emerging Economies ◽  
Value Chain ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Business Partners ◽  
The World ◽  
New Perspective

In this chapter, better understanding of Industry 4.0 is presented by investigating the role of different technologies and business partners on success of Industry 4.0. Enablers for smart factory are discussed in detail, and how to match these enablers with value chain partners of Industry 4.0 are identified as a new perspective on Industry 4.0. Furthermore, the aim of this chapter is to present actions to be taken from the point of the emerging economies to sustain and increase competitive advantage by catching and implementing Industry 4.0. Consequently, Industry 4.0 can enable developing countries to get a bigger slice of the world manufacturing value chain.

scholarly journals THE ROLE OF BOARDING SYSTEM UNIVERSITY EDUCATION IN INCULCATING PROBLEM SOLVING SKILL IN THE 4IR ERA

2020 ◽  
Author(s):  
Ihwan Mahmudi ◽  
Ahmad Saifullah ◽  
Amal Fathullah Zarkasyi ◽  
Ahmad Danis
Keyword(s):  
Problem Solving ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Qualitative Approach ◽  
University Education ◽  
Data Presentation ◽  
Interactive Analysis ◽  
The World

Problem Solving is the first competency needed in the era of Industry 4.0”or the 4th Industrial Revolution (4IR) according to the World EconomicForum 2016. This study aimed: 1) to measure student’s problem solvingskill in University of Darussalam (UNIDA) Gontor, and 2) to explore howUniversity of Darussalam (UNIDA) Gontor with its boarding systemeducation inculcate problem solving skill to its students. This studyemployed a qualitative approach with case study as a research design. Thedata were collected by questionnaire, observation, interview, anddocumentary method. They were analysed using interactive analysis modelconsisting three components; data reduction, data presentation, andconclusion or data verification which is done together with the process ofcollecting data interactively by cycle process.The study found that: 1) moststudents of University of Darussalam (UNIDA) Gontor have considerabledegree of problem solving skill, and 2) the skill was inculcated throughlearning process in the classroom, various activities within studentorganization and a large number of assignments and tasks that students haveto fulfil.

scholarly journals Revolution Industry 4.0 – The Vision of the Labor Market in Vietnam

2019 ◽  
pp. 21445-21448
Author(s):  
Do Hong Thang
Keyword(s):  
Developing Countries ◽  
Labor Market ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
The World ◽  
Tremendous Impact ◽  
The Revolution

Industrial revolution 4.0 is expected to have tremendous impact for the labor market in the world/ASEAN in general and Vietnam in particular. This paper aims to provide a better understand of the industry revolution 4.0, its opportunities and challenges, as well as the direction to proactively seize opportunities to leverage the maximum advantage of the revolution 4.0. This revolution will bring many opportunities for development and integration, but also poses numerous challenges to developing countries like Vietnam.

On retroeconomy

2017 ◽  
pp. 148-159
Author(s):  
V. Papava
Keyword(s):  
Developing Countries ◽  
Detrimental Effect ◽  
International Competition ◽  
The World ◽  
The Government ◽  
Role Of The Government

This paper analyzes the problem of technological backwardness of economy. In many mostly developing countries their economies use obsolete technologies. This can create the illusion that this or that business is prosperous. At the level of international competition, however, it is obvious that these types of firms do not have any chance for success. Retroeconomics as a theory of technological backwardness and its detrimental effect upon a country’s economy is considered in the paper. The role of the government is very important for overcoming the effects of retroeconomy. The phenomenon of retroeconomy is already quite deep-rooted throughout the world and it is essential to consolidate the attention of economists and politicians on this threat.

Competition Policy for the New Era

2018 ◽  
Keyword(s):  
Developing Countries ◽  
Emerging Economies ◽  
Competition Policy ◽  
Competition Law ◽  
Critical Discussion ◽  
Industrialized Countries ◽  
Collective Wisdom ◽  
Brics Countries ◽  
Law And Policy ◽  
The World

This book presents a new stage in the contributions of the BRICS countries (Brazil, Russia, India, China, and South Africa) to the development of Competition Law and policy. These countries have significant influence in their respective regions and in the world. The changing global environment means greater political and economic role for the BRICS and other emerging countries. BRICS countries are expected to contribute nearly half of all global gross domestic product growth by 2020. For more than a century, the path of Competition Law has been defined by the developed and industrialized countries of the world. Much later, developing countries and emerging economies came on the scene. They experience many of the old competition problems, but they also experience new problems, and experience even the old problems differently. Where are the fora to talk about Competition Law and policy fit for developing and emerging economies? The contributors in this book are well-known academic and practising economists and lawyers from both developed and developing countries. The chapters begin with a brief introduction of the topic, followed by a critical discussion and a conclusion. Accordingly, each chapter is organized around a central argument made by its author(s) in relation to the issue or case study discussed. These arguments are thoughtful, precise, and very different from each another. Each chapter is written to be a valuable freestanding contribution to our collective wisdom. The set of case studies as a whole helps to build a collection of different perspectives on competition policy.

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

scholarly journals A room with a view: a special issue with a special perspective

2021 ◽  
Vol 26 (3) ◽  
pp. 205-210
Author(s):  
Simone Borghesi
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Climate Policy ◽  
Present Article ◽  
Emerging Economies ◽  
Emissions Trading ◽  
Developed Countries ◽  
Special Issue ◽  
Climate Policies

AbstractThe present article describes the main insights deriving from the papers collected in this special issue which jointly provide a ‘room with a view’ on some of the most relevant issues in climate policy such as: the role of uncertainty, the distributional implications of climate change, the drivers and applications of decarbonizing innovation, the role of emissions trading and its interactions with companion policies. While looking at different issues and from different angles, all papers share a similar attention to policy aspects and implications, especially in developing countries. This is particularly important to evaluate whether and to what extent the climate policies adopted thus far in developed countries can be replicated in emerging economies.

scholarly journals HOW INDUSTRY 4.0 RESHAPES THE WORLD: RECOMMENDATIONS BASED ON COMPLEX GRAPH NETWORK ANALYSIS

2021 ◽  
Vol 1 ◽  
pp. 1755-1764
Author(s):  
Rongyan Zhou ◽  
Julie Stal-Le Cardinal
Keyword(s):  
Machine Learning ◽  
Industry 4.0 ◽  
Network Models ◽  
Global Supply Chain ◽  
Great Opportunity ◽  
Strategic Research ◽  
Complex Graph ◽  
The World ◽  
Tremendous Challenge

Abstract Industry 4.0 is a great opportunity and a tremendous challenge for every role of society. Our study combines complex network and qualitative methods to analyze the Industry 4.0 macroeconomic issues and global supply chain, which enriches the qualitative analysis and machine learning in macroscopic and strategic research. Unsupervised complex graph network models are used to explore how industry 4.0 reshapes the world. Based on the in-degree and out-degree of the weighted and unweighted edges of each node, combined with the grouping results based on unsupervised learning, our study shows that the cooperation groups of Industry 4.0 are different from the previous traditional alliances. Macroeconomics issues also are studied. Finally, strong cohesive groups and recommendations for businessmen and policymakers are proposed.

Conference on the Role of Industrialisation in Developing Countries

1964 ◽  
Vol 2 (3) ◽  
pp. 440-442
Author(s):  
Ronald Robinson
Keyword(s):  
Developing Countries ◽  
United Nations ◽  
World Bank ◽  
Business Executives ◽  
Agricultural Revolution ◽  
The World Bank ◽  
The World ◽  
The United Nations

At the fourth Cambridge conference on development problems, the role of industry was discussed by ministers, senior officials, economic advisers, and business executives, from 22 African, Asian, and Caribbean countries, the United Nations, and the World Bank. Have some, if not all, of Africa's new nations now reached the stage when it would pay them to put their biggest bets on quick industrialisation? Or must they go on putting most of their money and brains into bringing about an agricultural revolution first, before striving for industrial take-off? These questions started the conference off on one of its big themes.

Food security in the 21st century and in the role of biotechnology

foresight ◽  
1999 ◽  
Vol 1 (5) ◽  
pp. 399-412 ◽  
Author(s):  
Per Pinstrup‐Andersen ◽  
Marc J. Cohen
Keyword(s):  
Developing Countries ◽  
Food Security ◽  
Food Production ◽  
Supply Side ◽  
Adequate Diet ◽  
The World ◽  
Productivity Gains ◽  
Global Population ◽  
Global Food

Although global food production has consistently kept pace with population growth, the gap between food production and demand in certain parts of the world is likely to remain. More than 800 million people in developing countries lack access to a minimally adequate diet. Continued productivity gains are essential on the supply side, because global population will increase by 73 million people a year over the next two decades. In this article we assess the current global food situation, look at the prospects through to the year 2020, and outline the policies needed to achieve food security for all. Emphasis is on the role that agricultural biotechnology might play in reaching this goal.

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