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
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