Ekonomi TEK

Yazarlar: Yücel CANDEMİR

Konular:İktisat

Anahtar Kelimeler:Input-output analysis,Global supply and value chains,Globalization,Macroeconomic analysis,Industrial revolution,Technological development

Özet: The 21st century began with a new Industrial Revolution, which we term the fourth one and denote as 4IR. Within this broad category are countless separate developments taking place within an interactive process where historic, geographical, scientific, technological, and socio-economic phenomena intermingle and overlap with each other. This is far too big a picture for us to analyze; therefore, our aim here is to confine ourselves to a small portion of that picture: the part of it that is being molded by the phenomenon called Industrial Revolution-Economic Theory—and even there we will limit ourselves to just a sub-section of it. It is easy to observe what the 4IR is doing: transforming global society as well as its own course of action as the ongoing process of globalization evolves. We comment on the parallels between our era and that of the First Industrial Revolution, which coincided with the publishing of Adam Smith’s groundbreaking The Wealth of Nations.

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