İktisat Bölümü / Department of Economics

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Browsing İktisat Bölümü / Department of Economics by Publisher "IJOPEC Publication Limited"

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    An Evaluation of Turkey’s Status in Industry 4.0
    (IJOPEC Publication Limited, 2018-04) Dereli, Deniz Dilara; Sağlar, Uğur; 112577
    Today, Industry 4.0 triggers a significant transformation process in macro scale. Countries seeking to increase production, productivity and growth rates find themselves in a different and rapid competition under the new conditions created by the new generation production systems. It is expected that the intelligent production processes comprising innovative elements such as big data, cloud, industrial internet, autonomous robots, etc., will provide economic benefits such as increase in productivity, decrease in cost, more flexible production structures and high market shares. In this respect, Industry 4.0 can be a tool in order to transform Turkey’s own economic dynamics paving the way to a structural change. This article attempts to explain current position of Turkey in Industry 4.0 processes and discusses the structural reforms required for Turkey’s economy to adapt itself to the intensifying global competition.
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    Economic Impacts of Industry 4.0
    (IJOPEC Publication Limited, 2018-04) Dereli, Deniz Dilara; Sağlar, Uğur; 112577
    Industrialization leads to drastic changes in all areas of life. The world is on the verge of the fourth industrial revolution by the effect of transformations in production technologies, which today, is called Industrial 4.0. The process indicates significant transformations in countries’ production structures, through which cyber systems are integrated with physical systems and the tools of production communicate with each other via internet. While digitizing production processes give speed, flexibility and efficiency to production, the growth rates and competitiveness of the countries increase. The change in the production structures of the countries leads to increases in the production capacities, while the economic life is reshaped in terms of growth, productivity, investment and employment. In this context, this paper explains the main characteristics and principles of Industry 4.0 and discusses the possible impacts of Industry 4.0 on economy.