THE FOURTH INDUSTRIAL REVOLUTION AND SUSTAINABILITY

Lucia Ovidia Vreja and Sergiu Balan

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2020, vol. 14, issue 1, 1103-1113

Abstract: Whether we like it or not, the world is currently experiencing a series of extremely disruptive technological changes, with tremendous effects on our social and private lives, the so-called Fourth Industrial Revolution. The whole world is adopting and implementing spectacular innovations of great depth and magnitude, in three main domains: physical, digital and biological, which make the limits between these spheres to become blurry. Although the benefits of the Fourth Industrial Revolution for the economic and environmental dimensions of sustainability might be easily measured and quantified, its effects on the social dimension, or the welfare of all individuals, which is ultimately the target of sustainable development, might not as positive as expected. The paper mainly emphasizes the impact of the Fourth Industrial Revolution on the labour market, being focused on the negative aspects of jobs reduction on the social identity of individuals and the “prosperity for all goal of sustainability.

Keywords: Industry 4.0; megatrends; 4IR challenges; 4IR principles; precariat; robotization; sustainability; workforce (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:14:y:2020:i:1:p:1103-1113

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