{"title":"Global Megatrend of the Fourth Industrial Revolution in the Digital Economy: How to Realize It with Smart Cities as a Practical Measure?","authors":"Sang-Chul Park","doi":"10.17323/1996-7845-2022-02-06","DOIUrl":null,"url":null,"abstract":"The concept of the smart city represents the highest level of the Fourth Industrial Revolution (FIR) along with smartphones, smart homes, and smart factories. Therefore, most governments around the world have tried to build smart cities in order to strengthen their urban competitiveness and improve the quality of life for their citizens in the digital economy. North America, the European Union (EU), and Asia have already carried out several pilot projects to build smart cities based on private-led, public-private partnerships, and public-led strategies, respectively. Smart cities can improve overall problems and resolve difficulties by 10–30% on average, which is regarded as an overall benefit of smart cities. At the same time, they can contribute to labour force disruptions, digital discrepancies, and threats to social coherence and inclusiveness, all of which result in socio-economic and political costs. The author examines the roles smart cities can play in the digital economy and in the completion of the FIR and focuses on whether smart cities can contribute to the creation of new opportunities for global economic growth as a new industry in the digital economy. Finally, the author examines the challenges of transforming digitalization and smartness in reality and highlights future perspectives for the FIR in practical terms.","PeriodicalId":42976,"journal":{"name":"Vestnik Mezhdunarodnykh Organizatsii-International Organisations Research Journal","volume":null,"pages":null},"PeriodicalIF":0.4000,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Vestnik Mezhdunarodnykh Organizatsii-International Organisations Research Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.17323/1996-7845-2022-02-06","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"INTERNATIONAL RELATIONS","Score":null,"Total":0}
引用次数: 0
Abstract
The concept of the smart city represents the highest level of the Fourth Industrial Revolution (FIR) along with smartphones, smart homes, and smart factories. Therefore, most governments around the world have tried to build smart cities in order to strengthen their urban competitiveness and improve the quality of life for their citizens in the digital economy. North America, the European Union (EU), and Asia have already carried out several pilot projects to build smart cities based on private-led, public-private partnerships, and public-led strategies, respectively. Smart cities can improve overall problems and resolve difficulties by 10–30% on average, which is regarded as an overall benefit of smart cities. At the same time, they can contribute to labour force disruptions, digital discrepancies, and threats to social coherence and inclusiveness, all of which result in socio-economic and political costs. The author examines the roles smart cities can play in the digital economy and in the completion of the FIR and focuses on whether smart cities can contribute to the creation of new opportunities for global economic growth as a new industry in the digital economy. Finally, the author examines the challenges of transforming digitalization and smartness in reality and highlights future perspectives for the FIR in practical terms.
期刊介绍:
The journal mission is to disseminate Russian and international research in global governance, international cooperation on a wide range of social and economic policies; as well as to create a professional framework for discussion of trends and prognoses in these areas. International Organisations Research Journal publishes academic and analytical papers of Russian and international authors on activities of international multilateral institutions: G8, G20, BRICS, OECD, the World Bank, IMF, WTO, UN, and alliances: European Union, Eurasian Economic Union, Shanghai Cooperation Organisation and others. Analytical and research papers on international cooperation in higher education, trends in higher education developments at the national, regional and global levels are welcomed for reviewing and publication. The journal is aimed at researchers, analysts, practitioners in international affairs and world economics and at a wide audience interested in political issues of international affairs and global development. IORJ supports publications of graduate and postgraduate students, young researchers in Russia and abroad. All IORJ publications are peer-reviewed.