The Impact Factors of the Fourth Industrial Revolution on the Current Social Development

DOI

10.2991/aebmr.k.201205.035How to use a DOI?

Keywords

fourth industrial revolution, digitalization, economic development, consumer market, impact factors, law, regulatory selection, sharing economy

Abstract

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.

Copyright

© 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/).

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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  -