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The dark corners of industry 4.0 – Grounding economic governance 2.0

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  • Kovacs, Oliver

Abstract

This paper analyses the fourth industrial revolution by shifting towards a more complexity-aware economics. In so doing we concentrate on the complexity of interactions in the development of Industry 4.0 and the Digital Economy by shedding light on the major set of dark corners (unintended consequences) that are calling for cultivating governance in favour of structural change. We therefore formulate the basic principles of a new economic governance in contributing to the sustainable development of the current industrial revolution and the Digital Economy.

Suggested Citation

  • Kovacs, Oliver, 2018. "The dark corners of industry 4.0 – Grounding economic governance 2.0," Technology in Society, Elsevier, vol. 55(C), pages 140-145.
    • Handle: RePEc:eee:teinso:v:55:y:2018:i:c:p:140-145
    DOI: 10.1016/j.techsoc.2018.07.009
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    Cited by:

    1. Klingenberg, Cristina Orsolin & Borges, Marco Antônio Viana & Antunes, José Antônio do Vale, 2022. "Industry 4.0: What makes it a revolution? A historical framework to understand the phenomenon," Technology in Society, Elsevier, vol. 70(C).
    2. Kovacs, Oliver, 2024. "Exaptationary Industry 4.0: Graphene as pathfinder?," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    3. Didier, Nicolas, 2024. "Turning fragments into a lens: Technological change, industrial revolutions, and labor," Technology in Society, Elsevier, vol. 77(C).

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    More about this item

    Keywords

    Industry 4.0; Digital economy; Complexity; Governance;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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