ANALYZING PERSPECTIVES OF SUSTAINABLE ECONOMIC GROWTH IN THE PERIOD OF INDUSTRY-4.0
DOI:
https://doi.org/10.55439/EIT/vol11_iss6/a16Keywords:
sustainable growth, industrial transformation, renewable energy, environmental impact, digital technologies, Internet of Things, big data, cloud computingAbstract
This research paper delivers a comprehensive analysis of the sustainable economic growth and the emergence of Industry 4.0, a transformative era characterized by advanced technologies such as artificial intelligence, automation, Internet of Things and big data analytics. The paper provides an in-depth analysis of different perspectives on the potential impact of Industry 4.0 on economic growth from both global and regional perspectives.
The study carefully reviews existing literature on the subject and synthesizes the findings to identify the multifaceted dimensions of sustainable economic growth in the context of Industry 4.0. It explores the opportunities and challenges arising as industries around the world embrace digitalization and automation, and examines the implications of these changes for employment, income distribution and environmental sustainability.
In addition, the article examines the role of government policies, industry initiatives and international cooperation in shaping the direction of economic growth in the era of Industry 4.0.
This article contributes to our understanding of how Industry 4.0 can be used to promote sustainable economic growth while addressing associated challenges. It provides valuable information to policymakers, industry leaders, and researchers seeking to understand the complex landscape of economic transformation in an era of technological advancement and global connectivity.
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