Industrial Revolution 4.0: A New Challenge to Brunei Darussalam's Unemployment Issue
Muhammad Azmi Sait and
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Muhammad Azmi Sait: Universiti Brunei Darussalam, Brunei
Muhammad Anshari: Universiti Brunei Darussalam, Brunei
International Journal of Asian Business and Information Management (IJABIM), 2021, vol. 12, issue 4, 33-44
Brunei Darussalam has been facing unemployment issue in the past few years. With the upcoming fourth industrial revolution (IR4.0) where there will be extensive use of machineries, robotics, and sensors, a shift in the job market is anticipated. This study aims to investigate the potential challenges on unemployment that Brunei Darussalam will face if it does not move in the necessary direction to embrace IR4.0. In addition to that, this study will analyze the current education system that Brunei implements and the e-readiness of its society to further make conclusion and recommendation on improvements Brunei should focus into as a preparation towards the digitalization era. Literature review is chosen as the most appropriate methodological approach to identify and evaluate the key points of this chosen topic. Multiple systematic literature reviews and research papers revolving around the relevant keywords were used extensively to construct the basic understanding of this paper's topic. Secondary data from previous research papers and national reports from 2014 to 2019 were used for to gain insights of Brunei Darussalam's education system, digital literacy, and e-readiness among the society. In conclusion, this study has shown that unemployment rate in Brunei Darussalam is believed to have not been amplified by the Fourth Industrial Revolution (IR4.0), given that the current employees are retrained and younger generations are equipped with digital literacy-based knowledge and soft skills.
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jabim0:v:12:y:2021:i:4:p:33-44
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