Industry 5.0: Historical Legacy or the Future of the Economy Cover Image

Индустрия 5.0: историческо наследство или бъдещето на икономиката
Industry 5.0: Historical Legacy or the Future of the Economy

Author(s): Nikolay Shterev
Subject(s): Economy, National Economy, ICT Information and Communications Technologies
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Industry 5.0; Bulgaria; history of industry
Summary/Abstract: There has been increasing talk of the "new" industrial revolution that will pave the way for the next generation of industrial technologies and industrial relations in recent years, especially in the context of a pandemic. Industrial development is part of the development of society - it cannot be stopped, it cannot be controlled, but only to be observed and followed. This gives rise to the question that is sought to be answered in this report: what are the historical prerequisites for the "new industry": Industry 5.0? Without the author pretending to be comprehensive in the historical development of the economy / industry before the last few centuries, the report reviews the main theoretical achievements that determine the development of the economy and industry (in the first and second paragraphs), as well as the features of Industry 5.0 as part of the inherent development of social relations and their contribution to the economy and economic development (in the third paragraph). In conclusion, conclusions regarding the development of the industry will be presented.