Event Title

The Fourth Industrial Revolution and International Economics

Session

Management, Business and Economics

Description

At the beginning of the second decade of the XXI century, the German government developed a concept called Industrie 4.0 (Industry 4.0), which was first introduced in 2011 at the Hannover Messe. This same fair set up a working group of academic and university officials, managers and practitioners from the practice, headed by Siegfried Dais from "Robert Bosch GmbH " and Henning Kabermann from the German Academy of Science and Engineering - a former senior executive leader in Europe's largest software provider - "SAP AG ". After Germany similar concepts developed and a number of countries from East and Southeast Asia: Japan came up with the Model "Society 5.0", Singapore with the concept "Smart Society", and Thailand with the idea "Thailand 4.0". What is emphasized by many describing the new technological way of manufacturing is that it needs a new type of human factor. A human factor, in which creative and innovative potential, self-management is essential. On 48th annual World Economic Forum in Davos, Switzerland, held in January 2018, the aforementioned post-industrial paradigm officially was named "The Fourth Industrial Revolution". As stated at the Forum in Davos, it will change everything around us and even us. It is clear that this revolution is not only unalterable, but it will undoubtedly change the future prospects of countries and peoples, the balance of power globally and the world map. "The Fourth Industrial Revolution" is distinguished by a fusion of technology, which "clouds the lines between the physical, digital and biological spheres".

Keywords:

Industrial Revolution, International Economics, New Technologies

Session Chair

Ermal Lubishtani

Session Co-Chair

Bejtush Ademi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-550-19-2

Location

Pristina, Kosovo

Start Date

26-10-2019 1:30 PM

End Date

26-10-2019 3:00 PM

DOI

10.33107/ubt-ic.2019.338

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Oct 26th, 1:30 PM Oct 26th, 3:00 PM

The Fourth Industrial Revolution and International Economics

Pristina, Kosovo

At the beginning of the second decade of the XXI century, the German government developed a concept called Industrie 4.0 (Industry 4.0), which was first introduced in 2011 at the Hannover Messe. This same fair set up a working group of academic and university officials, managers and practitioners from the practice, headed by Siegfried Dais from "Robert Bosch GmbH " and Henning Kabermann from the German Academy of Science and Engineering - a former senior executive leader in Europe's largest software provider - "SAP AG ". After Germany similar concepts developed and a number of countries from East and Southeast Asia: Japan came up with the Model "Society 5.0", Singapore with the concept "Smart Society", and Thailand with the idea "Thailand 4.0". What is emphasized by many describing the new technological way of manufacturing is that it needs a new type of human factor. A human factor, in which creative and innovative potential, self-management is essential. On 48th annual World Economic Forum in Davos, Switzerland, held in January 2018, the aforementioned post-industrial paradigm officially was named "The Fourth Industrial Revolution". As stated at the Forum in Davos, it will change everything around us and even us. It is clear that this revolution is not only unalterable, but it will undoubtedly change the future prospects of countries and peoples, the balance of power globally and the world map. "The Fourth Industrial Revolution" is distinguished by a fusion of technology, which "clouds the lines between the physical, digital and biological spheres".