INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Industrial Revolution 4.0, initiated by Germany, as an idiosyncratic concept has not been tough to rumble pan globe. However, its adoption and application, is facing set-backs, especially in upper income developing nations, with an immense potential for development of a strong manufacturing base. This study has been conducted, to analyze the differences in the distant and gap-riddled development of Industrial Revolution 4.0, in Germany’s counterpart, i.e., Romania. In this study, Germany as a developed nation, has been compared, to the developing nation of Romania, both of them being main exporters of automotive parts, and members of EU. They are labeled as second world nations, on the basis of Second World War’s definition, which indicates the presence of deadly wars aspect in shaping the countries of study. Germany sailed through the difficulties posed by its adoption, but, Romania has a crippled growth due to existence of twin-deficits. Multivariate Regression Model, has indicated, that mirroring of Mittelstand Model of Germany, in Romania, will improve its functional optimality. Thus, balancing Macroeconomic Variables, promoting sustainable, and cost-cutting measures of producing valuable products, establishing efficient supply chain management, and incubating innovative business ideas.
Keywords:
Industry 4.0, IIoT, Mittelstand Model, Twin-Deficit, Revolution, Smart Factory.
Cite Article:
"Implementation of Industry 4.0 in Second World Nations : A comparative study on Romania and Germany", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 9, page no.d765-d774, September-2023, Available :http://www.ijnrd.org/papers/IJNRD2309390.pdf
Downloads:
000118766
ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Facebook Twitter Instagram LinkedIn