Pleasure economy vs. industrial economy in developing countries in Industry 4.0

Sergei V. Shkodinsky, Olga V. Titova, Elena A. Sulimova and Oleg G. Karpovich

International Journal of Trade and Global Markets, 2021, vol. 14, issue 4/5, 404-412

Abstract: The purpose of the paper is to develop a scientific concept of using transition to Industry 4.0 as a mechanism of formation and development of the pleasure economy for stimulating the sustainable development and increase of quality of life in developing countries. The authors determine multiple regression dependence of the index of application of technologies of Industry 4.0 and the green economy index on the sectorial structure of GDP according to the World Bank and determine the optimal share of each sphere that is necessary for achieving the target value of the index of application of technologies of Industry 4.0 and the green economy index. The authors prove that if state interference with Industry 4.0 is insufficient, this will strengthen their industrial specialisation, and the economy will be built on this. This will lead to increase of ecological costs and to decline of quality of life.

Keywords: pleasure economy; industrial economy; developing countries; scenarios of economic growth; digital economy; Industry 4.0. (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=116736 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtrgm:v:14:y:2021:i:4/5:p:404-412

Access Statistics for this article

More articles in International Journal of Trade and Global Markets from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().