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    The Fourth Industrial Revolution in Major Countries and Its Implications of Korea: U.S., Germany and Japan Cases

    Kim, Gyu-Pan; Lee, Hyong-Kun; Kim, Jonghyuk; Kwon, Hyuk Ju | July 2018
    Abstract
    In the 1990s the world witnessed the Information Technology (IT) revolution, which entirely changed the paradigm of the global economy. IT has since continued to develop and mobile platforms have become one of the most important markets, represented by the rise in e-commerce and the sharing economy. At the 2016 World Economic Forum, Klaus Schwab emphasized the rapid pace of technology advancement and used the phrase “Fourth Industrial Revolution” to illustrate how such advanced technologies are being applied to change the business paradigm once again. In the fourth industrial revolution, technological innovations are applied to manufacturing systems to enable the mass customization of various products. Governments, especially in advanced economies, are striving to adjust to this change in the paradigm and environment of business. This brief focuses on policies implemented in response to the fourth industrial revolution unfolding within major advanced economies such as the U.S., Germany and Japan, and their implications for the Korean government.
    Citation
    Kim, Gyu-Pan; Lee, Hyong-Kun; Kim, Jonghyuk; Kwon, Hyuk Ju. 2018. The Fourth Industrial Revolution in Major Countries and Its Implications of Korea: U.S., Germany and Japan Cases. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/8607.
    ISSN
    2233-9140
    Keywords
    Political Leadership
    Public Administration
    Business Ethics
    Electronic Government
    Online Government
    Assessing Corporate Governance
    Corporate Governance Reform
    Governance Models
    Commerce and Industry
    Intra-Industry Trade
    Large Scale Industry
    Labor
    Technical Evaluation
    Government
    Institutional Framework
    Public Administration
    Business Ethics
    Political Leadership
    Institutional Framework
    Business Management
    Corporate Restructuring
    Industrialization
    Industrial Economics
    Industrial Development
    Industrial Policy
    Technology assessment
    Technological institutes
    Employment
    Information Media
    Mass Media
    Export Oriented Industries
    Electronics
    Computers
    Telecommunications Industry
    Manufacturing Industries
    Microprocessors
    Electronic Equipment
    Communication Industry
    Civil government
    Common good
    Federal government
    Delivery of government services
    Government missions
    Personnel management
    Corporate reorganizations
    Intergovernmental cooperation
    Consolidation and merger of corporations
    Industrial Mergers
    Corporate Mergers and Acquisitions
    Mergers
    Microelectronics industry
    Electronic industries
    Digital electronics
    Microelectronics
    Podcasts
    Music videos
    Internet videos
    Interactive videos
    Videos
    Video recordings
    Capital market
    Developing countries
    Market share
    Labor
    Technology transfer
    Innovation
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8607
    Metadata
    Show full item record
    Thumbnail
    WEB18-20.pdf (264.5Kb)
    Author
    Kim, Gyu-Pan
    Lee, Hyong-Kun
    Kim, Jonghyuk
    Kwon, Hyuk Ju
    Theme
    Governance
    Industry
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise