Industry 4.0 Significance to competition and the EU competition policy

Abstract

The coming fourth industrial revolution means many inevitable changes in firms' competition and the challenges they pose to industrial and competition policies. Therefore, to examine how it is going to affect competition and competition policy, this paper reviews the related literature of industrial policy, industrial organization and new trade theory. For this purpose, employing the semi-systematic review method, the report explores the theoretical background of the Industry 4.0 policy carried out by the EU, how it affects its competition policy and what threats it imposes to competition between firms. We have come to conclusions that the fourth industrial revolution might be quite challenging for the sustainability of firm's competition and the structure of industry and markets. However, the 'soft' EU industrial policy adequately addresses this problem by supporting SMEs with innovation and R&D to ensure sustainable competition in the long term.

Features and public financing of digitalization and E-Government: The case of Kazakhstan

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Quantification of Tourism Sector Parameters Related to Competitiveness of Countries According to Macroeconomic Indicators

“…Many international research studies have examined the relations between the tourism sector and the macroeconomic indicators in recent years. The research scope of these studies is widespread and determined by the target focus of the research team as well as the usability of the outputs for other research areas and policymaking (Tvaronaviciene & Burinskas, 2020). There is a special benefit of the results of these studies in clarifying the significance of the examined variables along with revealing new assumptions of the actions related to the factors and together with creating an active discussion platform.…”

The role of SME s in water supply and sewerage: a case of Kazakhstan

“…Issues of economic development, taking into account regional specificities, the peculiarities of the formation of economic and political associations, related to the quality of life, the level of development of life-supporting infrastructure, the role of SMEs in the utility sector, issues of innovation, have been repeatedly considered in the works of economists and sociologists (Goley, 1988;Ferrucci, 1995;Garn, 1997;Gregg, 1989;Hong, 1993;Ishigure, 1991;Kiparsky et al, 2013;Krozer et al, 2010;Lobina, 2012;Martins,Williamson, 1994;Miller, 1990;Oka et al, 1996;Palfai et al, 1998;Partzsch, 2009;Peuckert et al, 2012;Robbins, 1998;Hartman et al, 2017;Sirkiä et al, 2017;Barripp et al, 2004;Bowmer, 2004;Thomas, Ford, 2005;Daniell et al, 2014;Wehn, Evers, 2015;Mvulirwenande et al, 2017;Ngo Thu, Wehn, 2016;Gharesifard, Wehn, 2016;Pascual et al, 2013;Boronenko, Lavrinenko, 2015;Shevyakova, Petrenko, 2019;Ślusarczyk et al, 2020;Maldonado Narváez, 2020;Tvaronaviciene, Burinskas, 2020).…”