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Impact of Industry 4.0 on Industrial Modernization in Turkey

Author

Listed:
  • Kharlanov, Aleksey S.

    (Diplomatic Academy of the Ministry of Foreign Affairs of Russia)

  • Molchanov, Ivan A.

    (Diplomatic Academy of the Ministry of Foreign Affairs of Russial)

Abstract

Introduction. Introducing the Industry 4.0 concept can increase productivity and economic growth in Turkey and also promote the development of SMEs, an essential component of the country’s economy. The article aims to study the impact of Industry 4.0 on industrial modernization in Turkey. Materials and Methods. The materials were publications in scientific journals dealing with Industry 4.0, and literature on modern technology. Methods: analyzing statistical data on the state of the industrial sector in Turkey, the level of technology adoption, and its impact on productivity. Results. The sectors of the national economy of interest for Turkey are identified: the energy sector, which plays a crucial role in stability and in providing the necessary level of high production capacity; the automotive industry; development of digital economy, of information technology and telecommunications; and the aerospace industry. Conclusion. The prospects for implementing the Industry 4.0 concept in modernizing Turkey’s industrial sector are up-and-coming. However, to successfully realize these, Turkey must overcome several challenges such as lack of investment in technology, training, and infrastructure development.

Suggested Citation

  • Kharlanov, Aleksey S. & Molchanov, Ivan A., 2022. "Impact of Industry 4.0 on Industrial Modernization in Turkey," Economic Consultant, Scientific and Educational Initiative LLC, vol. 4(4), pages 14-22.
    • Handle: RePEc:ris:statec:0116
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    More about this item

    Keywords

    Industry 4.0; industry in Turkey; modernization; fourth industrial revolution;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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