Products related to Economy:
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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 technology), innovation, competence transformation, and the fact that the pace of change is so rapid that it outstrips our ability to adapt to consecutive changes.The main objective is to show how AI will change society and how we as individuals and society must adapt in order to survive what the author terms ‘robot shock’, together with its consequences and after-effects.It offers a greater understanding of resistance to change and how we need to adopt strategies for adapting to major changes.Each of the book’s six chapters also contains policy inputs, framed as propositions, that are intended specifically for decision-makers.The book concludes by offering possible strategies for overcoming the negative effects of ‘robot shock’. The book intends to send a message to leaders of institutions, decision-makers and anyone attempting to understand and explain how we – as a social system – can succeed in tackling the many major challenges and crises faced by humanity.
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Advanced Green Technology for Environmental Sustainability and Circular Economy
This book elucidates the growing application of greener technology with a circular economic approach and examines the connection among environment, economy, and ecology for an emerging and supportable human society.It focuses on numerous features of environmental sustainability and, more responsibly, labels the technologies and methods essential to overcome growing environmental challenges, including biotechnological methods, cutting-edge research, applications, and procedures. Features:Proposes the latest advances in waste treatment, pollution reduction, and circular economy development based on green technology. Considers the relationship between green technological progress and various forms of circular economy. Describes resource recycling and recovery. Covers advanced technology in bioremediation. Includes reports and case studies highlighting the "how-to" on waste-to-energy generation. This book is aimed at professionals and graduate students in environmental engineering, project management, bioremediation, sustainable development, and waste management.
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Wired for Innovation : How Information Technology Is Reshaping the Economy
Two experts on the information economy explore the true economic value of technology and innovation. A wave of business innovation is driving the productivity resurgence in the U.S. economy. In Wired for Innovation, Erik Brynjolfsson and Adam Saunders describe how information technology directly or indirectly created this productivity explosion, reversing decades of slow growth.They argue that the companies with the highest level of returns to their technology investment are doing more than just buying technology; they are inventing new forms of organizational capital to become digital organizations.These innovations include a cluster of organizational and business-process changes, including broader sharing of information, decentralized decision-making, linking pay and promotions to performance, pruning of non-core products and processes, and greater investments in training and education. Innovation continues through booms and busts. This book provides an essential guide for policy makers and economists who need to understand how information technology is transforming the economy and how it will create value in the coming decade.
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Digital Technology Enabled Circular Economy : Models for Environmental and Resource Sustainability
This book presents cutting-edge findings that draw on the use of AI, the Industrial Internet of Things, Blockchain, and Co-Analytics for the development of Circular Economy (CE) models to make organizational activities more sustainable.A further goal is the development of Digital Technology (DT)–enabled support tools that can be used to further analyze the impact of DT and CE–enabled operational practices used to achieve resource and environmental sustainability. Digital Technology Enabled Circular Economy: Models for Environmental and Resource Sustainability discusses the integration of digital technology-enabledcircular economy models into the manufacturing industries and its advantages for sustainability.It emphasizes the fundamentals and applications and their enactment, as well as integration for the overall organizational development.The book explains the role of digital technologies in food supply chains and multi-life cycle materials for sustainable development and highlights the development of the workforce to facilitate the implementation of smart and advanced technologies.This book presents the development of DT–enabled support tools used to analyze the impact of DT and CE–enabled operational practices on an organization and efforts to achieve resource and environmental sustainability.Case studies that demonstrate how smart digital technology can help firms improve their long-term performance by embracing circular operation methods are also included. Students, academicians, and researchers, as well as managers and stakeholders who are interested in smart, sustainable production, and consumption, together with managers and stakeholders who are interested in ways of implementing them in their organizations, will find this book of interest.It will demonstrate, via the use of real-world case studies, how smart digital technology can help firms improve their long-term performance by embracing circular operating methods.
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What do society, environment, and economy have to do with sustainability?
Society, environment, and economy are all interconnected when it comes to sustainability. Society plays a crucial role in driving sustainable practices through education, awareness, and advocacy. The environment is directly impacted by human activities and is essential for the well-being of society and the economy. The economy relies on natural resources and a healthy environment to thrive, and sustainable practices are necessary to ensure long-term economic stability. Therefore, achieving sustainability requires a balance between the needs of society, the health of the environment, and the strength of the economy.
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Free market economy or planned economy?
The choice between a free market economy and a planned economy depends on the specific goals and values of a society. A free market economy allows for individual freedom and competition, which can lead to innovation and efficiency. However, it can also result in inequality and lack of regulation. On the other hand, a planned economy allows for more control and distribution of resources, but it can stifle individual initiative and innovation. Ultimately, the decision between the two depends on the balance a society seeks between individual freedom and social equality.
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Why market economy and not planned economy?
A market economy is preferred over a planned economy because it allows for individual freedom and choice in economic decision-making. In a market economy, prices are determined by supply and demand, leading to efficient allocation of resources. Additionally, competition in a market economy encourages innovation and productivity, driving economic growth. On the other hand, a planned economy, where the government controls production and distribution, can lead to inefficiencies, lack of innovation, and limited consumer choice.
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How are planned economy and shortage economy related?
A planned economy is a system in which the government controls and regulates production, distribution, and prices of goods and services. In a planned economy, resources are allocated based on a central plan rather than market forces. A shortage economy occurs when there is a lack of goods and services available for consumers due to factors such as poor planning, inefficiency, or external shocks. In a planned economy, the risk of a shortage economy is higher as the government may not accurately predict or meet the demands of the population, leading to imbalances in supply and demand.
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Biophysical Economy : Theory, Challenges, and Sustainability
This book explores the concept of transforming the current macroeconomic system from one based on continuous growth that doesn’t recognize the fundamental importance of Earth's natural support structures, to a system consistent with the basic views of biophysical economics that acknowledges that all real wealth ultimately derives from planetary resources, both renewable and non-renewable.It describes how data and information collected by various institutions, government agencies, and the private sector can be integrated with existing management structures to transform the “continuous growth” economy into an economy that functions within understandable boundaries on a finite planet. FeaturesStimulates discussions of the feasibility of a biophysical economy. Discusses the historical developments of biophysical economics. Offers a practical approach to building a biophysical economy. Explores the human experience of living in a biophysical economy. Emphasizes the fragility of life in the Universe as we know it. This book is an excellent resource for academics and students studying sustainable development, as well as for professionals working in the private sector and public institutions with an interest in economic planning for a sustainable future.
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Technology Innovation for the Circular Economy : Recycling, Remanufacturing, Design, System Analysis and Logistics
TECHNOLOGY INNOVATION FOR THE CIRCULAR ECONOMY The book comprises 56 peer-reviewed chapters comprehensively covering in-depth areas of circular economy design, planning, business models, and enabling technologies. Some of the greatest opportunities for innovation in the circular economy are in remanufacturing, refurbishment, reuse, and recycling.Critical to its growth, however, are developments in product design approaches and the manufacturing business model that are often met with challenges in the current, largely linear economies of today’s global manufacturing chains. The conference hosted by the REMADE Institute in Rochester, NY, brought together U.S. and international researchers, industry engineers, technologists, and policymakers, to discuss the myriad intertwining issues relating to the circular economy. This book consists of 56 chapters in 10 distinct parts covering broad areas of research and applications in the circular economy area.The first four parts explore the system level work related to circular economy approaches, models and advancements including the use of artificial intelligence (AI) and machine learning to guide implementation, as well as design for circularity approaches.Mechanical and chemical recycling technologies follow, highlighting some of the most advanced research in those areas.Next, innovation in remanufacturing is addressed with descriptions of some of the most advanced work in this field.This is followed by tire remanufacturing and recycling, highlighting innovative technologies in addressing the volume of end-of-use tires.Pathways to net-zero emissions in manufacturing of materials concludes the book, with a focus on industrial decarbonization. Audience This book has a wide audience in academic institutes, business professionals and engineers in a variety of manufacturing industries.It will also appeal to economists and policymakers working on the circular economy, clean tech investors, industrial decision-makers, and environmental professionals.
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Circular Economy Realities : Critical Perspectives on Sustainability
This book addresses the realities of the circular economy, a resource efficiency concept that has risen to global prominence in academic, policy and business circles over the last decade.Considered an approach to sustainable growth, the volume critically analyses how sustainable emerging applications of a circular economy are in practice. The book stems from an international, interdisciplinary project exploring the discourses, policies, implementation and impacts of the circular economy across public, private and third sector accounts.It draws on a wide range of case studies, from the UK, Portugal, Austria, Italy, the Netherlands, France, Chile, China, Nigeria, Taiwan and Vietnam, highlighting how experiences both shaped and were shaped by the places in which they were happening.It provides a guide to researching a complex phenomenon such as a circular economy, which involves both collaboration and competition between multiple stakeholders across different sectors and places.Synthesising the multiple perspectives employed in the project, the book makes recommendations for circular economy implementation in different contexts, including the assessment of sustainability implications, whilst indicating the limited potential for circular economy activity to bring social and economic benefits without explicit motivation for those to happen. Benefitting from extensive empirical research, this critical assessment of sustainability in the context of the circular economy will appeal to a broad readership of academics, upper-level students, practitioners and policy-makers in sustainable development, business, economics, geography, sociology and environmental engineering. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
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Fashion and Environmental Sustainability : Entrepreneurship, Innovation and Technology
The wide range of topics that the book covers are organised into sections reflecting a cradle to grave view of how entrepreneurial, innovative, and tech-savvy approaches can advance environmental sustainability in the fashion sector.These sections include: sustainable materials; innovation in design, range planning and product development; sustainable innovations in fashion supply chains; sustainable innovations in fashion retail and marketing; sustainable alternatives for end-of-life and circular economy initiatives; and more sustainable alternative fashion business models.
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How can the three dimensions of sustainability - economy, society, and environment - be described?
The three dimensions of sustainability can be described as interconnected and interdependent aspects that need to be balanced for long-term well-being. The economic dimension focuses on creating prosperity and ensuring financial stability while considering the impact on society and the environment. The social dimension emphasizes equity, social justice, and community well-being, ensuring that the needs of all individuals are met. The environmental dimension involves protecting natural resources, reducing pollution, and promoting sustainable practices to preserve the planet for future generations. Balancing these dimensions is essential for achieving sustainable development.
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What is the difference between social market economy, free market economy, and planned economy?
A social market economy combines elements of both a free market economy and a planned economy. It allows for private ownership of businesses and resources, while also implementing government regulations to ensure fair competition and social welfare. In contrast, a free market economy relies on minimal government intervention, allowing businesses to operate with little regulation. On the other hand, a planned economy is centrally controlled by the government, with decisions regarding production, distribution, and pricing made by central authorities.
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Is Germany a centrally planned economy, a social market economy, or a free market economy?
Germany is considered a social market economy. This means that while it operates within a free market framework, the government plays a significant role in regulating the economy and providing social welfare programs. The social market economy model aims to balance economic freedom with social responsibility, promoting competition and entrepreneurship while also ensuring social security and a fair distribution of wealth. This approach has been a key factor in Germany's economic success and stability.
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How do planned economy and social market economy differ?
A planned economy is one in which the government controls all aspects of economic production and distribution, including setting prices and determining what goods and services are produced. In contrast, a social market economy is a system in which the government plays a more limited role, allowing for private ownership and competition while also providing social safety nets and regulations to ensure fair competition and protect consumers. In a planned economy, the government has a central role in decision-making, while in a social market economy, the market plays a more significant role, with government intervention focused on ensuring fairness and social welfare.
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