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Digital Financial Inclusion
This book is unique in that it challenges scholarly views on financial inclusion and poverty reduction while also relating financial inclusion and poverty reduction to the Fourth Industrial Revolution. The book deviates from the usual method of analyzing financial inclusion, which relies on bank accounts or microcredit as success criteria, and instead discusses how the Fourth Industrial Revolution is facilitating digital financial inclusion. With a five-fold goal, this book investigates both past and present readings and understandings of poverty and financial inclusion. To begin, it provides a thorough introduction to the Fourth Industrial Revolution and financial inclusion in the context o...
FinTech and Artificial Intelligence for Sustainable Development
This book investigates how smart technologies can play a crucial role in the achievement of the UN Sustainable Development Goals. Focusing on FinTech as well as artificial intelligence, the author demonstrates how one of the most effective strategies for accelerating progress toward global development goals is to make use of emerging technologies to broaden and deepen the scope of action. The first part of the book offers a historical perspective on sustainable development, financial technology and the emergence of the Fourth Industrial Revolution, while the second part looks in-depth at new technologies that can contribute to the realization of the SDGs. The power of AI to reduce poverty an...
Responsible Industry 4.0
"The growth of digital technologies and Artificial Intelligence (AI) has the potential to increase global wealth and tackle some of the world's most serious problems, including economic marginalization. In contrast, these innovations may contribute to widening economic gaps and potentially threaten the stability of democratic governments. Changes in economic growth and distribution are occurring in both developed and developing countries due to the impact that new technologies are having on businesses and the workplace. This book provides answers to the question of whether the technologies of the Fourth Industrial Revolution, such as Artificial Intelligence, will lead to greater economic unc...
The Impact of ChatGPT on Higher Education
In an ever-evolving educational landscape, traditional methods face unprecedented challenges. The Impact of ChatGPT on Higher Education takes you on a trailblazing journey into ChatGPT's transformative potential and the ethical considerations in higher education.
Innovation, Automation and a Sustainable Economy
Economic inequality, the environmental crisis and the climate crisis are systemically linked. Accordingly, they should be understood as a single, interconnected system and strategies for resolving them should be guided by this understanding. This book demonstrates how the Green New Deal and its systemic alternative, the Red New Deal, could influence the course of these three global crises, all within the context of the Fourth Industrial Revolution. The author has developed several scenarios that are relevant to the automation that will result from advances in artificial intelligence and intelligent robots. The first is one of mass unemployment, while the second envisages low rates of unemplo...
Economics of the Pharmaceutical and Medical Device Industry
This book provides a comprehensive examination of the pharmaceutical and medical device industry, including analysis of its current trade and innovation strategies. Opening with a survey of the global pharmaceutical and medical device industry, Bhardwaj outlines the growing trade and trade interdependence among countries in the global supply chain. He adopts a trade competitiveness approach to analyze patterns of product specialization and examines the drug discovery process and its challenges in translating bioscientific knowledge into lifesaving products. Bhardwaj argues that further economic integration, collaborative R&D, and digital technologies may help accelerate productivity and addr...
Polycrisis and Economic Development in the Global South
Global polycrisis refers to the simultaneous occurrence of multiple interconnected crises. It is marked by the convergence and interaction of combined events, such as geopolitical tensions, economic instability, environmental degradation, public health emergencies, and social disturbance. In this context, this book explores the challenges and opportunities encountered by the Global South amid political instability, climate change, humanitarian crises, technological advancements, and regional cooperation. The book adopts a multidisciplinary framework, integrating theoretical studies with empirical cases from various southern regions in Africa, Asia, and Latin America. This approach helps to f...
Deglobalization
The emerging conflict between the US and China has an inherent tendency towards a development of deglobalization. It is the historical prerequisites for this deglobalization that are examined in this book. These assumptions are largely based on what is termed the second wave of globalization, based on increasing technological competition between the US and China, as well as China's expansion along the New Silk Road. In this book, the author makes a distinction between the Old Globalization and the New Globalization. The Old Globalization was characterized by competition over costs in general and wage costs in particular, while the New Globalization is categorized by new competencies and skil...
Robots, Automation and the Innovation Economy
Cascades of new technologies and innovations are entering our lives so fast that it is difficult for us to adapt to one innovation before the next becomes embedded into our everyday lives. What happens when the changes brought by technology are so profound that they affect all aspects of our lives? This book explores the potential impact of artificial intelligence (AI) and intelligent robots on individuals, organizations and society, specifically examining the impact on jobs and workplaces in the future. It provides an understanding of how we can adapt to changes that appear like flocks of black swans. Five key areas are unpacked in the book: automation, AI, (the significance of AI technolog...
