THE IMPACT OF INDUSTRY 4.0 ON THE SELECTED MACROECONOMIC INDICATORS IN SLOVAK REPUBLIC, GERMANY, THE USA AND JAPAN
THE IMPACT OF INDUSTRY 4.0 ON THE SELECTED MACROECONOMIC INDICATORS IN SLOVAK REPUBLIC, GERMANY, THE USA AND JAPAN
Author(s): Jozef Habánik, Adriana Grenčíková, Karol KrajčoSubject(s): Education, Supranational / Global Economy, Labor relations, Economic development, ICT Information and Communications Technologies
Published by: Fundacja Centrum Badań Socjologicznych
Keywords: Industry 4.0; GDP; labour productivity; employment; education; added value;
Summary/Abstract: Rapid development of communication and information technologies with their orientation on big data have significantly changed the character and the needs of national economies. The onset of the 4th Industrial Revolution significantly affects the structural changes of individual economies (companies) as well as their requirements for workforce. The Industry 4.0 concept was created in Germany, and now is being implemented in various countries under different names. In our study, we focus on the development of the selected macroeconomic indicators in Slovak Republic as compared to other selected countries (Germany, USA and Japan). The countries above are traditionally considered to be the drivers of innovation. The aim of this study is the analysis of trends in macroeconomic indicators of these economies so that to derive recommendations for future workforce preparation. The analyzed indicators are GDP growth rate, employment development, labor productivity, value added, expenditure on science and research and education.
Journal: Journal of International Studies
- Issue Year: 14/2021
- Issue No: 2
- Page Range: 26-37
- Page Count: 12
- Language: English