Limits of the pleasure economy in Industry 4.0: specifics of developing countries
by Aleksei V. Bogoviz
International Journal of Trade and Global Markets (IJTGM), Vol. 14, No. 4/5, 2021

Abstract: The purpose of the paper is to determine the limits of the pleasure economy in Industry 4.0 in view of the specifics of developing countries. The methodological basis of the research includes a complex of methods of economic statistics: correlation and regression analysis, analysis of variation, and Monte Carlo method, which envisages generation of random numbers, probabilistic analysis, and creation of a histogram. The research objects are 12 developing countries from the IMD ranking of digital competitiveness. It is proved that in developing countries the potential of Industry 4.0 in stimulation of formation of the pleasure economy is very limited. Only limited success could be reached in formation of the pleasure economy based on Industry 4.0 in developing countries. Therefore, the limits of the pleasure economy in Industry 4.0 are narrow in developing countries.

Online publication date: Sat, 31-Jul-2021

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Trade and Global Markets (IJTGM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com