Tags:Cluster analysis, Industry 4.0, Inequality and IT development
Abstract:
The choice between economic efficiency and social equity has become a key objection in economic theory, since in the current economic system, which has become close to the Pareto optimum, the achievement of both of these goals is mutually exclusive. There is only one way to reach both of these goals – the fundamental change of current system of economic relations and getting access to new curves of production capabilities, which may become quite real within development of Industry 4.0 and 6th technological wave. Nevertheless, nobody cannot predict the social impact of Industry 4.0 on society, which, in the context of future technological changes transforms into Society 4.0. The purpose of this paper is to prepare cluster analysis of countries inequality due to IT development using software package. We found 4 main clusters of countries which have convergence and divergence attributes due to IT development.
Cluster analysis of countries inequality due to IT development