The 4th Industrial Revolution and its Impact on Division of Labor in Developing Countries
- International Management Development Association
- Publication Type:
- Conference Proceeding
- Transformation, Coopetition, and Sustainability in the era of Globalization, Engagement and Disruptive Technology, 2018, 27 pp. 56 - 60
- Issue Date:
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Technological developments and automation have always been a hope and threat. Technological changes greatly affect employment opportunities and division of labor. It normally offer novel methods of producing and consuming goods and services, suggests rising living standards as well. It frees humans from dangerous, repetitive and boring works. On the other hand it has disruptive consequences for existing work practices and might result in substantial job losses. The recent technological breakthroughs build around the generation, processing and dissemination of information under the umbrella term of the 4th Industrial Revolution. There are two opposite views on the impact of the 4th Industrıal Revolution on labor. So far consequences of digital revolution discussed more with developed country perspective. This paper will focus on developing countries and try to investigate, how coming wave of automation will affect labor in developing world.
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