BRICS and Industry 4.0

Wynand Lambrechts; Saurabh Sinha; Tshilidzi Marwala

doi:10.1007/978-3-030-62765-2_12

BRICS and Industry 4.0

Wynand Lambrechts
, Saurabh Sinha
, Tshilidzi Marwala

Faculty of Engineering and the Built Environment

University of Johannesburg

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

2 Citations (Scopus)

Abstract

This chapter researches the challenges and opportunities in Brazil, Russia, India, China, and South Africa (BRICS) in integrating Industry 4.0 to transform and grow their local economies. This chapter follows an academic methodology to compare and reviews the skills, policies, and strategies that developed countries have implemented successfully in preparation for Industry 4.0 and how emerging markets can learn from these. The research contribution of this chapter is in identifying and studying challenges that are specific to emerging economies (with focus on BRICS), followed by observed initiatives in BRICS countries that aim to mitigate or overcome such challenges. The changing social, political, and economic fortunes of Africa that can boost economic growth through technology and industrialisation are presented in anticipation of the emergent Industry 4.0 and the contribution of this chapter is to recognise its importance.

Original language	English
Title of host publication	International Political Economy Series
Publisher	Palgrave Macmillan
Pages	283-322
Number of pages	40
DOIs	https://doi.org/10.1007/978-3-030-62765-2_12
Publication status	Published - 2021

Publication series

Name	International Political Economy Series
ISSN (Print)	2662-2483
ISSN (Electronic)	2662-2491

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure

Keywords

Artificial intelligence
BRICS
Digital economy
Emerging markets
Enabling policies
Fourth industrial revolution
Globalisation
Industrialisation
Social transformation

ASJC Scopus subject areas

Economics, Econometrics and Finance (all)
Political Science and International Relations

Access to Document

10.1007/978-3-030-62765-2_12

Cite this

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title = "BRICS and Industry 4.0",

abstract = "This chapter researches the challenges and opportunities in Brazil, Russia, India, China, and South Africa (BRICS) in integrating Industry 4.0 to transform and grow their local economies. This chapter follows an academic methodology to compare and reviews the skills, policies, and strategies that developed countries have implemented successfully in preparation for Industry 4.0 and how emerging markets can learn from these. The research contribution of this chapter is in identifying and studying challenges that are specific to emerging economies (with focus on BRICS), followed by observed initiatives in BRICS countries that aim to mitigate or overcome such challenges. The changing social, political, and economic fortunes of Africa that can boost economic growth through technology and industrialisation are presented in anticipation of the emergent Industry 4.0 and the contribution of this chapter is to recognise its importance.",

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T1 - BRICS and Industry 4.0

AU - Lambrechts, Wynand

AU - Sinha, Saurabh

AU - Marwala, Tshilidzi

PY - 2021

Y1 - 2021

N2 - This chapter researches the challenges and opportunities in Brazil, Russia, India, China, and South Africa (BRICS) in integrating Industry 4.0 to transform and grow their local economies. This chapter follows an academic methodology to compare and reviews the skills, policies, and strategies that developed countries have implemented successfully in preparation for Industry 4.0 and how emerging markets can learn from these. The research contribution of this chapter is in identifying and studying challenges that are specific to emerging economies (with focus on BRICS), followed by observed initiatives in BRICS countries that aim to mitigate or overcome such challenges. The changing social, political, and economic fortunes of Africa that can boost economic growth through technology and industrialisation are presented in anticipation of the emergent Industry 4.0 and the contribution of this chapter is to recognise its importance.

AB - This chapter researches the challenges and opportunities in Brazil, Russia, India, China, and South Africa (BRICS) in integrating Industry 4.0 to transform and grow their local economies. This chapter follows an academic methodology to compare and reviews the skills, policies, and strategies that developed countries have implemented successfully in preparation for Industry 4.0 and how emerging markets can learn from these. The research contribution of this chapter is in identifying and studying challenges that are specific to emerging economies (with focus on BRICS), followed by observed initiatives in BRICS countries that aim to mitigate or overcome such challenges. The changing social, political, and economic fortunes of Africa that can boost economic growth through technology and industrialisation are presented in anticipation of the emergent Industry 4.0 and the contribution of this chapter is to recognise its importance.

KW - Artificial intelligence

KW - BRICS

KW - Digital economy

KW - Emerging markets

KW - Enabling policies

KW - Fourth industrial revolution

KW - Globalisation

KW - Industrialisation

KW - Social transformation

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U2 - 10.1007/978-3-030-62765-2_12

DO - 10.1007/978-3-030-62765-2_12

M3 - Chapter

AN - SCOPUS:85101539154

T3 - International Political Economy Series

SP - 283

EP - 322

BT - International Political Economy Series

PB - Palgrave Macmillan

ER -

BRICS and Industry 4.0

Abstract

Publication series

UN SDGs

Keywords

ASJC Scopus subject areas

Access to Document

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