The post-COVID-19 era, fourth industrial revolution, and new globalization: Restructured labor relations and organizational adaptation

Theodore Koutroukis (), Dimos Chatzinikolaou, Charis Vlados and Victoria Pistikou ()
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Theodore Koutroukis: Democritus University of Thrace, Department of Economics, Postal: Department of Economics, University Campus, Komotini, 69100, Greece
Victoria Pistikou: Democritus University of Thrace, Department of Economics, Postal: Department of Economics, University Campus, Komotini, 69100, Greece

No 3-2022, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: This paper explores the directions of adaptation for socioeconomic organizations in the current global crisis and restructuring. We carry out an integrative and critical review, presenting the main questions—and possible directions of response—concerning how the post-COVID-19 era, the fourth industrial revolution, and new globalization seem to affect contemporary labor relations. We focus on the different levels of their manifestation (macro, meso, and micro levels), emphasizing worsening inequality trends in the work environment and the resulting organizational readaptation that seems to be required nowadays. The restructured labor markets can benefit from the diffusion of institutional innovations based on integrated social partnership schemes at the macro–meso–micro levels. We emphasize organizational adaptation at the microlevel, as the innovation and change management mechanisms it enables, presupposes, and harnesses are imperative for exiting any crisis.

Keywords: post-COVID-19 era; fourth industrial revolution; new globalization; restructured labor relations; institutional innovation; social partnership; organizational adaptation; change management; innovation; green transition (search for similar items in EconPapers)
JEL-codes: D21 F60 F66 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2022-10-22
New Economics Papers: this item is included in nep-hme
Note: Societies. Vol. 12, No. 6, p. 187. [Special Issue “Digital Transformation and the Labour Market Inequalities” – MDPI] https://www.mdpi.com/2075-4698/12/6/187
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Journal Article: The Post-COVID-19 Era, Fourth Industrial Revolution, and New Globalization: Restructured Labor Relations and Organizational Adaptation (2022)
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