New Institutions for Socio-Economic Development: The Change of Paradigm from Rationality and Stability to Responsibility
Elena G. Popkova, "New Institutions for Socio-Economic Development: The Change of Paradigm from Rationality and Stability to Responsibility"
English | ISBN: 3110699834 | 2021 | 200 pages | EPUB | 2 MB
English | ISBN: 3110699834 | 2021 | 200 pages | EPUB | 2 MB
The strategies and practical approaches for socio-economic development are undergoing systemic changes under the influence of new developments in global economic systems and markets.
The most significant factors influencing such changes are connected to the start of the Fourth Industrial Revolution (Industry 4.0), which is impacting all economic systems to a greater or lesser extent. The creation of the digital economy and transition to Industry 4.0 particularly increases the significance of hi-tech for socio-economic development.
Secondly, there is now a transition underway from a period of unlimited globalization and comprehensive integration to more limited globalization and selective economic integration. The growing importance of regionalization on the global economic system is manifested in the formation and rapid development of new integration unions at the regional or country level (e.g., the EU and the EAEU), and company level (e.g., regional sectoral economic clusters, special economic areas, technological parks, and innovative networks).
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