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The Fourth Industrial Revolution. Global Risks, Local Challenges for Employment

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  • Catalin Postelnicu
  • Sorin Calea

Abstract

The authors are convinced that humankind is at the beginning of a new revolution that is fundamentally different from all previous industrial revolutions. This fourth revolution is characterized by the rise of new technologies which impact all disciplines, economies and industries. The new technologies could improve dramatically economic efficiency at the industry level and could change the workforce behaviour. In this article, we try to emphasize how societies can adapt the new technologies to the actual human needs, in order to capture their benefits and, at the same time, regenerate the natural environment. We also argue that information technologies and robotics are within the control of all of us, and man is able to dialogue with intelligent machines without any need to change the basic idea about what means to be a human.

Suggested Citation

  • Catalin Postelnicu & Sorin Calea, 2019. "The Fourth Industrial Revolution. Global Risks, Local Challenges for Employment," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(2), pages 195-206.
    • Handle: RePEc:mje:mjejnl:v:15:y:2019:i:2:195-206
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    References listed on IDEAS

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    1. Matjokana, Hlanganani Rabia & David, Oladipo Olalekan, 2024. "The effects of the fourth industrial revolution on employment in South Africa: Variance decomposition analysis," Technology in Society, Elsevier, vol. 77(C).
    2. Yuan, Qianqian & Baležentis, Tomas & Shen, Zhiyang & Streimikiene, Dalia, 2021. "Economic and environmental performance of the belt and road countries under convex and nonconvex production technologies," Journal of Asian Economics, Elsevier, vol. 75(C).
    3. Zhe Liu & Xueli Chen & Jinyang Cai & Tomas Baležentis & Yue Li, 2020. "The Impact of “Coal to Gas” Policy on Air Quality: Evidence from Beijing, China," Energies, MDPI, vol. 13(15), pages 1-11, July.
    4. Vitor Hugo dos Santos Filho & Luis Maurício Martins de Resende & Joseane Pontes, 2024. "Development of a Theoretical Model for Digital Risks Arising from the Implementation of Industry 4.0 (TMR-I4.0)," Future Internet, MDPI, vol. 16(6), pages 1-32, June.
    5. Grybauskas, Andrius & Stefanini, Alessandro & Ghobakhloo, Morteza, 2022. "Social sustainability in the age of digitalization: A systematic literature Review on the social implications of industry 4.0," Technology in Society, Elsevier, vol. 70(C).

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