Big IFs in Productivity-Enhancing Industry 4.0
With the dawn of Industry 4.0, its productivity-boosting impact appears to be comfortably ensconced both in the media and in the scientific community. Still, our paper is to portend a rather dismal prognosis by outlining three big Inertia Forces (IFs) hindering the power of Industry 4.0 in reviving...
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MDPI AG
2019-01-01
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| Series: | Social Sciences |
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| Online Access: | https://www.mdpi.com/2076-0760/8/2/37 |
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doaj-e6b8845953e94903b15e8fdce45486fc2020-11-24T20:48:14ZengMDPI AGSocial Sciences2076-07602019-01-01823710.3390/socsci8020037socsci8020037Big IFs in Productivity-Enhancing Industry 4.0Oliver Kovacs0Institute of Economics and International Economics, National University of Public Service, 1083 Budapest, HungaryWith the dawn of Industry 4.0, its productivity-boosting impact appears to be comfortably ensconced both in the media and in the scientific community. Still, our paper is to portend a rather dismal prognosis by outlining three big Inertia Forces (IFs) hindering the power of Industry 4.0 in reviving productivity growth in a more spectacular way. After applying a complexity view to the development of Industry 4.0 in deciphering the major IFs, the paper briefly exemplifies them by building on the case of Hungary, and it then draws some lessons for theorists and economic policy practitioners in the interest of a value-congruent development of Industry 4.0.https://www.mdpi.com/2076-0760/8/2/37Industry 4.0inertiacomplexitygovernancetrade-offsuncertaintyHungary |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Oliver Kovacs |
| spellingShingle |
Oliver Kovacs Big IFs in Productivity-Enhancing Industry 4.0 Social Sciences Industry 4.0 inertia complexity governance trade-offs uncertainty Hungary |
| author_facet |
Oliver Kovacs |
| author_sort |
Oliver Kovacs |
| title |
Big IFs in Productivity-Enhancing Industry 4.0 |
| title_short |
Big IFs in Productivity-Enhancing Industry 4.0 |
| title_full |
Big IFs in Productivity-Enhancing Industry 4.0 |
| title_fullStr |
Big IFs in Productivity-Enhancing Industry 4.0 |
| title_full_unstemmed |
Big IFs in Productivity-Enhancing Industry 4.0 |
| title_sort |
big ifs in productivity-enhancing industry 4.0 |
| publisher |
MDPI AG |
| series |
Social Sciences |
| issn |
2076-0760 |
| publishDate |
2019-01-01 |
| description |
With the dawn of Industry 4.0, its productivity-boosting impact appears to be comfortably ensconced both in the media and in the scientific community. Still, our paper is to portend a rather dismal prognosis by outlining three big Inertia Forces (IFs) hindering the power of Industry 4.0 in reviving productivity growth in a more spectacular way. After applying a complexity view to the development of Industry 4.0 in deciphering the major IFs, the paper briefly exemplifies them by building on the case of Hungary, and it then draws some lessons for theorists and economic policy practitioners in the interest of a value-congruent development of Industry 4.0. |
| topic |
Industry 4.0 inertia complexity governance trade-offs uncertainty Hungary |
| url |
https://www.mdpi.com/2076-0760/8/2/37 |
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AT oliverkovacs bigifsinproductivityenhancingindustry40 |
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