The Impact Factors of the Fourth Industrial Revolution on the Current Social Development
- 10.2991/aebmr.k.201205.035How to use a DOI?
- fourth industrial revolution, digitalization, economic development, consumer market, impact factors, law, regulatory selection, sharing economy
This article deals with the impact factors of the fourth industrial revolution on social development The authors carried out an institutional analysis and identified the changes in the institutional environment of the consumer market. They described the institutional transformations of the consumer market caused by the opportunities and restrictions associated with the fourth industrial revolution. The research identifies the constraints for the development of the fourth industrial revolution in the Russian Federation. It describes the role of governmental policies in the destruction due to the sharing economy. The authors also identified the risks associated with the changes in the legal framework under the influence of new industrial technologies. A conclusion is made concerning the importance of preserving the traditional notion of consumer protection despite the introduction of new regulation methods, and the positive role of laws that promote customers’ trust towards products, services, and business models developed during the fourth industrial revolution. The authors also identify the most complicated areas in terms of setting up regulations and the legal framework in the context of a new industrial age.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - A.V. Shkalenko PY - 2020 DA - 2020/12/07 TI - The Impact Factors of the Fourth Industrial Revolution on the Current Social Development BT - Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020) PB - Atlantis Press SP - 213 EP - 216 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.201205.035 DO - 10.2991/aebmr.k.201205.035 ID - Shkalenko2020 ER -