Outline of Political Economy of the Fourth Industrial Revolution

Hristo Prodanov ()
Additional contact information
Hristo Prodanov: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2016, issue 4, 131-141

Abstract: The article looks to reveal the link between the changes in the technological bases of the production and the stages of development of the political economy. The presumption is that the technologies bring to systemic consequences for the whole society and especially for the relation­ship between state and market. Five stages of development of the modern capitalism and re­spectively of the political economy are outlined – preindustrial, first industrial revolution, second in­dustrial revolution, third industrial revolution, fourth industrial revolution. Focal points of the study are the characteristics of the fourth industrial revolu­tion and its economic consequences, connected with new challenges to the role of the govern­ments for the economy. A special attention is paid to two main directions of changes. The first one is connected with the polarization of the labor market and the growing discrepancies between demand and supply of labor force. The second one is the new trend of economic divergence be­tween developed and developing countries.

Keywords: fourth industrial revolution; political economy; labor force; brain drain (search for similar items in EconPapers)
JEL-codes: J2 O3 P1 Z00 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.unwe.bg/uploads/Alternatives/Prodanov_Alternativi_4_%202016_bg.pdf (application/pdf)

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:nwe:iisabg:y:2016:i:4:p:131-141

Access Statistics for this article

More articles in Ikonomiceski i Sotsialni Alternativi from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().