Industry 4.0 and Serbia: Modern Technologies and the Impact on the Economy of Modern Society

Ivan Pajović, Dragan Petrović and Rajko Bukvić ()

MPRA Paper from University Library of Munich, Germany

Abstract: The fourth technological (industrial) revolution is based primarily on digital technologies, but also on their synthesis with other technologies, both traditional and conventional, as well as advanced, such as nanotechnologies and biotechnologies. The emergence of disruptive technologies causes changes in markets, which can sometimes be revolutionary. Economic as well as other sciences have not yet given the ultimate judgment - will the Fourth Technological Revolution and disruptive technologies contribute to the creation of a welfare society, reduce poverty and facilitate work, or increase material inequality, make distribution of goods more unfair and cause mass unemployment.

Keywords: modern technologies; disruptive innovations; biotechnology; nanotechnology; market; (in)equality; poverty; welfare (search for similar items in EconPapers)
JEL-codes: L60 N70 O14 O25 O30 O33 (search for similar items in EconPapers)
Date: 2019, Revised 2019
New Economics Papers: this item is included in nep-ore and nep-pay
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Published in 9th International Conference "Economics and Management-Based on New Technologies" EMoNT-2019, 23-26 June 2019, Vrnjačka Banja (Serbia). Proceedings, SaTCIP (Scientific and Technical Center for Intellectual Property) Ltd., Vrnjačka Banja, Serbia (2019): pp. 64-73

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