Issue: № 10, 2024
Doi: https://doi.org/10.37634/efp.2024.10.13
The paper explores new paradigm of global economic inclusivity in the era of the Fourth Industrial Revolution. It analyzes the challenges associated with technological changes and their impact on economic inequality. The study examines key elements of the new paradigm, including digital inclusion, transformation of education, the role of financial technologies, and rethinking social protection. The paper proposes approaches to ensure fair distribution of benefits from technological progress and the creation of an inclusive global economic system. The research highlights the intensification of international economic integration, trade liberalization, and the growing role of multinational enterprises in the global economy as characteristics of the current economic globalization paradigm. However, it also identifies significant shortcomings of this model, particularly in meeting the requirements of inclusive development in the context of the Fourth Industrial Revolution. The paper emphasizes the need for a new paradigm of global economic inclusivity, driven by factors such as rapid technological change, climate crisis, demographic trends, and geopolitical shifts. It argues that the current paradigm is inadequate in addressing contemporary challenges and ensuring inclusive development in the era of digital transformation. The results section presents key aspects of the new paradigm, including the concept of "digital inclusion," the transformation of education and professional training systems, the role of innovative financial technologies in ensuring economic inclusivity, and the need to rethink the role of the state and international institutions in ensuring fair distribution of benefits from technological progress. It calls for a comprehensive approach that considers the interrelationship between technological progress, economic development, social well-being, and environmental sustainability, requiring coordinated efforts at global, national, and local levels.
Keywords : economic inclusivity, globalization, Fourth Industrial Revolution, digital economy, sustainable development
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