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From Industry 4.0 to Democracy 5.0

In: Handbook of Research on Artificial Intelligence, Innovation and Entrepreneurship

Author

Listed:
  • David F. J. Campbell
  • Elias G. Carayannis

Abstract

Industry 5.0 and Society 5.0 are requesting and requiring a framing in a co-evolution with Democracy 5.0. Could a Democracy 5.0 even develop faster than an Industry 5.0. The rationale here would argue that with a good set of governance and governance tools a democracy may stimulate and support the development of an industry (of the economy) from an Industry 4.0 to 5.0 status. But we also can expect here mutually overlapping effects of a cross-networking. Higher education institutions and higher education systems are playing here a crucial role. Their (internal and external) governance has the capability and capacity to promote knowledge and innovation that are so essential for the further development of Industry 5.0, Society 5.0 and Democracy 5.0.

Suggested Citation

  • David F. J. Campbell & Elias G. Carayannis, 2023. "From Industry 4.0 to Democracy 5.0," Chapters, in: Elias G Carayannis & Evangelos Grigoroudis (ed.), Handbook of Research on Artificial Intelligence, Innovation and Entrepreneurship, chapter 24, pages 383-401, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19750_24
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    Cited by:

    1. Gegner, Martin, 2023. "Die Akzeptanz gesetzlicher Initiativen zur Energiewende: Das Beispiel "Gesetz zum Neustart der Digitalisierung der Energiewende"," Discussion Papers, Research Group Digital Mobility and Social Differentiation SP III 2023-603, WZB Berlin Social Science Center.
    2. Steitz, Janek & Kölschbach Ortego, Axel, 2023. "Implikationen langfristiger Energiekostenunterschiede für energieintensive Industrien und den Wirtschaftsstandort Deutschland," Papers 277911, Dezernat Zukunft - Institute for Macrofinance, Berlin.

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