IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i16p7166-d1460656.html
   My bibliography  Save this article

Twenty-First Century Competencies; about Competencies for Industry 5.0 and the Opportunities for Emerging Economies

Author

Listed:
  • Godwin Uzoamaka Ikenga

    (Department of Science, Business and Innovation, Vrije Universiteit, 1081 HV Amsterdam, The Netherlands)

  • Peter van der Sijde

    (Department of Science, Business and Innovation, Vrije Universiteit, 1081 HV Amsterdam, The Netherlands)

Abstract

The philosophy of Industry 5.0 recognises the transformative power of the industrial sector to add value to society and employees. Industry 5.0 is distinct from its predecessors because it relies on a tripod of sustainability, human centricity, and resilience. These three thematic principles aim to improve work safety, research, and innovation and strengthen industrial resilience and competitiveness. However, a perfect storm is brewing for the future of work, brought about by the concerning trends of displacement and low skill levels of workers’ competencies in handling the new technologies of Industry 5.0 in emerging economies. This conceptual paper will describe Industry 5.0 and provide historical insights on the importance of acquiring the desired twenty-first-century competencies needed in the workforce for Industry 5.0 and how these competencies can be cultivated. Two research questions guided the study in identifying these twenty-first-century competencies, how these competencies can be cultivated and taught in the education curriculum and policies of emerging economies, and the crucial importance of adapting Industry 5.0 to these emerging economies. The study concluded that emerging economies must play an active role in shaping the future by creating policies that will advance social stability, resource preservation, and climate objectives, which will enable more productive production processes with lower waste and energy usage.

Suggested Citation

  • Godwin Uzoamaka Ikenga & Peter van der Sijde, 2024. "Twenty-First Century Competencies; about Competencies for Industry 5.0 and the Opportunities for Emerging Economies," Sustainability, MDPI, vol. 16(16), pages 1-15, August.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:16:p:7166-:d:1460656
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/16/7166/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/16/7166/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Battini, Daria & Berti, Nicola & Finco, Serena & Zennaro, Ilenia & Das, Ajay, 2022. "Towards industry 5.0: A multi-objective job rotation model for an inclusive workforce," International Journal of Production Economics, Elsevier, vol. 250(C).
    2. Maya Eden & Paul Gaggl, 2018. "On the Welfare Implications of Automation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 29, pages 15-43, July.
    3. Kipper, Liane Mahlmann & Iepsen, Sandra & Dal Forno, Ana Julia & Frozza, Rejane & Furstenau, Leonardo & Agnes, Jéssica & Cossul, Danielli, 2021. "Scientific mapping to identify competencies required by industry 4.0," Technology in Society, Elsevier, vol. 64(C).
    4. Mukherjee, Abheek Anjan & Raj, Alok & Aggarwal, Shikha, 2023. "Identification of barriers and their mitigation strategies for industry 5.0 implementation in emerging economies," International Journal of Production Economics, Elsevier, vol. 257(C).
    5. Fukuda, Kayano, 2020. "Science, technology and innovation ecosystem transformation toward society 5.0," International Journal of Production Economics, Elsevier, vol. 220(C).
    6. David R. Moore & Mei‐I Cheng & Andrew R.J. Dainty, 2002. "Competence, competency and competencies: performance assessment in organisations," Work Study, Emerald Group Publishing Limited, vol. 51(6), pages 314-319, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mukherjee, Abheek Anjan & Raj, Alok & Aggarwal, Shikha, 2023. "Identification of barriers and their mitigation strategies for industry 5.0 implementation in emerging economies," International Journal of Production Economics, Elsevier, vol. 257(C).
    2. Karmaker, Chitra Lekha & Bari, A.B.M. Mainul & Anam, Md. Zahidul & Ahmed, Tazim & Ali, Syed Mithun & de Jesus Pacheco, Diego Augusto & Moktadir, Md. Abdul, 2023. "Industry 5.0 challenges for post-pandemic supply chain sustainability in an emerging economy," International Journal of Production Economics, Elsevier, vol. 258(C).
    3. Roblek Vasja & Meško Maja & Podbregar Iztok, 2021. "Mapping of the Emergence of Society 5.0: A Bibliometric Analysis," Organizacija, Sciendo, vol. 54(4), pages 293-305, December.
    4. Dennis C. Hutschenreiter & Tommaso Santini & Eugenia Vella, 2022. "Automation and sectoral reallocation," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(1), pages 335-362, May.
    5. Severino, Gonzalo & Rivera, José & Parot, Roberto & Otaegui, Ernesto & Fuentes, Andrés & Reszka, Pedro, 2024. "Workforce and task optimization to guarantee oxygen bottling under a COVID-19 pandemic scenario: A Chilean case study," International Journal of Production Economics, Elsevier, vol. 271(C).
    6. Matteo G. Richiardi & Luis Valenzuela, 2024. "Firm heterogeneity and the aggregate labour share," LABOUR, CEIS, vol. 38(1), pages 66-101, March.
    7. Dario Cords & Klaus Prettner, 2022. "Technological unemployment revisited: automation in a search and matching framework [The future of work: meeting the global challenges of demographic change and automation]," Oxford Economic Papers, Oxford University Press, vol. 74(1), pages 115-135.
    8. Burkhard Heer & Andreas Irmen & Bernd Süssmuth, 2023. "Explaining the decline in the US labor share: taxation and automation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(6), pages 1481-1528, December.
    9. M. Battisti & M. Del Gatto & A. F. Gravina & C. F. Parmeter, 2021. "Robots versus labor skills: a complementarity/substitutability analysis," Working Paper CRENoS 202104, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    10. Lee Ohanian & Musa Orak & Shihan Shen, 2023. "Revisiting Capital-Skill Complementarity, Inequality, and Labor Share," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 479-505, December.
    11. David Autor & Anna Salomons, 2018. "Is Automation Labor Share–Displacing? Productivity Growth, Employment, and the Labor Share," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 49(1 (Spring), pages 1-87.
    12. Nadeem, Kashif & Wong, Sut I. & Za, Stefano & Venditti, Michelina, 2024. "Digital transformation and industry 4.0 employees: Empirical evidence from top digital nations," Technology in Society, Elsevier, vol. 76(C).
    13. Matthias Kehrig & Nicolas Vincent, 2017. "Growing Productivity without Growing Wages: The Micro-Level Anatomy of the Aggregate Labor Share Decline," CESifo Working Paper Series 6454, CESifo.
    14. Gabriele Ciminelli & Romain Duval & Davide Furceri, 2022. "Employment Protection Deregulation and Labor Shares in Advanced Economies," The Review of Economics and Statistics, MIT Press, vol. 104(6), pages 1174-1190, November.
    15. Gaggl, Paul & Gray, Rowena & Marinescu, Ioana & Morin, Miguel, 2021. "Does electricity drive structural transformation? Evidence from the United States," Labour Economics, Elsevier, vol. 68(C).
    16. Danial Lashkari & Arthur Bauer & Jocelyn Boussard, 2024. "Information Technology and Returns to Scale," American Economic Review, American Economic Association, vol. 114(6), pages 1769-1815, June.
    17. Özköse, Hakan & Güney, Gül, 2023. "The effects of industry 4.0 on productivity: A scientific mapping study," Technology in Society, Elsevier, vol. 75(C).
    18. Loukas Karabarbounis & Brent Neiman, 2019. "Accounting for Factorless Income," NBER Macroeconomics Annual, University of Chicago Press, vol. 33(1), pages 167-228.
    19. Hémous, David & Dechezleprêtre, Antoine & Olsen, Morten & Zanella, carlo, 2019. "Automating Labor: Evidence from Firm-level Patent Data," CEPR Discussion Papers 14249, C.E.P.R. Discussion Papers.
    20. Biljana Maljugić & Dragan Ćoćkalo & Mihalj Bakator & Sanja Stanisavljev, 2024. "The Role of the Quality Management Process within Society 5.0," Societies, MDPI, vol. 14(7), pages 1-34, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:16:p:7166-:d:1460656. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.