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The post-COVID-19 era, fourth industrial revolution, and new globalization: Restructured labor relations and organizational adaptation

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  • Koutroukis, Theodore

    (Democritus University of Thrace, Department of Economics)

  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Pistikou, Victoria

    (Democritus University of Thrace, Department of Economics)

Abstract

This paper explores the directions of adaptation for socioeconomic organizations in the current global crisis and restructuring. We carry out an integrative and critical review, presenting the main questions—and possible directions of response—concerning how the post-COVID-19 era, the fourth industrial revolution, and new globalization seem to affect contemporary labor relations. We focus on the different levels of their manifestation (macro, meso, and micro levels), emphasizing worsening inequality trends in the work environment and the resulting organizational readaptation that seems to be required nowadays. The restructured labor markets can benefit from the diffusion of institutional innovations based on integrated social partnership schemes at the macro–meso–micro levels. We emphasize organizational adaptation at the microlevel, as the innovation and change management mechanisms it enables, presupposes, and harnesses are imperative for exiting any crisis.

Suggested Citation

  • Koutroukis, Theodore & Chatzinikolaou, Dimos & Vlados, Charis & Pistikou, Victoria, 2022. "The post-COVID-19 era, fourth industrial revolution, and new globalization: Restructured labor relations and organizational adaptation," DUTH Research Papers in Economics 3-2022, Democritus University of Thrace, Department of Economics.
  • Handle: RePEc:ris:duthrp:2022_003
    Note: Societies. Vol. 12, No. 6, p. 187. [Special Issue “Digital Transformation and the Labour Market Inequalities” – MDPI] https://www.mdpi.com/2075-4698/12/6/187
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    References listed on IDEAS

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    1. Louis Neven & Alexander Peine, 2017. "From Triple Win to Triple Sin: How a Problematic Future Discourse is Shaping the Way People Age with Technology," Societies, MDPI, vol. 7(3), pages 1-11, September.
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    3. Saskia Osendarp & Gerda Verburg & Zulfiqar Bhutta & Robert E. Black & Saskia de Pee & Cecilia Fabrizio & Derek Headey & Rebecca Heidkamp & David Laborde & Marie T. Ruel, 2022. "Act now before Ukraine war plunges millions into malnutrition," Nature, Nature, vol. 604(7907), pages 620-624, April.
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    Cited by:

    1. Vitaly Kaftan & Wadim Kandalov & Igor Molodtsov & Anna Sherstobitova & Wadim Strielkowski, 2023. "Socio-Economic Stability and Sustainable Development in the Post-COVID Era: Lessons for the Business and Economic Leaders," Sustainability, MDPI, vol. 15(4), pages 1-18, February.

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    More about this item

    Keywords

    post-COVID-19 era; fourth industrial revolution; new globalization; restructured labor relations; institutional innovation; social partnership; organizational adaptation; change management; innovation; green transition;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor

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