IDEAS home Printed from https://ideas.repec.org/a/gam/jsoctx/v14y2024i2p19-d1332287.html

The Fifth Industrial Revolution as a Transformative Step towards Society 5.0

Author

Listed:
  • Rushan Ziatdinov

    (Department of Industrial Engineering, Keimyung University, Daegu 42601, Republic of Korea)

  • Madhu Sudhan Atteraya

    (Department of Social Welfare, Keimyung University, Daegu 42601, Republic of Korea)

  • Rifkat Nabiyev

    (Department of Ground Transport Operations in the Oil, Gas, and Construction Industries, Ufa State Petroleum Technological University, 450064 Ufa, Russia)

Abstract

This concept paper aims to shed light on the emergence of the first to the fifth industrial revolutions, their evolution, and their transformative steps towards Society 5.0. By explaining the nuances of the different phases of industrial revolutions and their positive and negative externalities, we found that the fifth industrial revolution can be considered a transformative step for the emergence or coevolution of Society 5.0. By examining how Society 5.0 affects various aspects of human society (e.g., advances in healthcare and improved life expectancy; business, the economy, growth, and industry; education and skills; privacy and cybersecurity; smart cities; labour and the workforce), we conclude that Society 5.0 should move forward by adhering to the harmonious integration of humans and technology to address the world’s pressing problems in the future.

Suggested Citation

  • Rushan Ziatdinov & Madhu Sudhan Atteraya & Rifkat Nabiyev, 2024. "The Fifth Industrial Revolution as a Transformative Step towards Society 5.0," Societies, MDPI, vol. 14(2), pages 1-15, February.
  • Handle: RePEc:gam:jsoctx:v:14:y:2024:i:2:p:19-:d:1332287
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2075-4698/14/2/19/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2075-4698/14/2/19/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. ., 2018. "The fourth industrial revolution," Chapters, in: Industrial Policy for the Manufacturing Revolution, chapter 3, pages 49-78, Edward Elgar Publishing.
    2. David M. Byrne & John G. Fernald & Marshall B. Reinsdorf, 2016. "Does the United States Have a Productivity Slowdown or a Measurement Problem?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 47(1 (Spring), pages 109-182.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Amjad Islam Amjad & Sarfraz Aslam & Nisar Abid & Umaira Tabassum & Faiza Shafqat, 2025. "Bridging the Gap: Overcoming Teachers’ Hurdles in Implementing Gamification for Society 5.0 Education," SAGE Open, , vol. 15(2), pages 21582440251, June.
    2. Ahmed Osama Daoud & Ahmed Farouk Kineber & Ali Hassan Ali & Mohamed Elseknidy, 2025. "Empowering Sustainable Infrastructure and Sustainable Development Goals Through Industry 5.0 Implementation," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(3), pages 4309-4332, June.
    3. Mimica R. Milošević & Miloš M. Nikolić & Dušan M. Milošević & Violeta Dimić, 2025. "Enhancing Efficiency in Sustainable IoT Enterprises: Modeling Indicators Using Pythagorean Fuzzy and Interval Grey Approaches," Sustainability, MDPI, vol. 17(15), pages 1-30, August.
    4. Subas P. Dhakal, 2026. "Fifth industrial revolution and the future of education and employment," Quality & Quantity: International Journal of Methodology, Springer, vol. 60(1), pages 2459-2477, February.
    5. Nafew Sajed Joy & Md. Mahfuzur Rahman, 2025. "Exploring Sustainable Publishing Practices in the Publishing Industry of Bangladesh: A Qualitative Study in the Context of the Fifth Industrial Revolution," Journal of Developing Societies, , vol. 41(3), pages 406-436, September.
    6. Bence Márk Szeszák & István Gergely Kerékjártó & László Soltész & Péter Galambos, 2025. "Industrial Revolutions and Automation: Tracing Economic and Social Transformations of Manufacturing," Societies, MDPI, vol. 15(4), pages 1-31, March.
    7. Sofía Alarcón & Claudio Alarcon, 2025. "Questioning the Concepts of the Fourth Industrial Revolution and Industry 4.0 When Describing Modernization as a Sequential Framework," Sustainability, MDPI, vol. 17(10), pages 1-25, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elstner, Steffen & Feld, Lars P. & Schmidt, Christoph M., 2018. "The German productivity paradox: Facts and explanations," Ruhr Economic Papers 767, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    2. DUERNECKER Georg & SANCHEZ MARTINEZ Miguel, 2021. "Structural change and productivity growth in the European Union: Past, present and future," JRC Working Papers on Territorial Modelling and Analysis 2021-09, Joint Research Centre.
    3. Erica L. Groshen & Brian C. Moyer & Ana M. Aizcorbe & Ralph Bradley & David M. Friedman, 2017. "How Government Statistics Adjust for Potential Biases from Quality Change and New Goods in an Age of Digital Technologies: A View from the Trenches," Journal of Economic Perspectives, American Economic Association, vol. 31(2), pages 187-210, Spring.
    4. Wulong Gu, 2018. "Accounting for Slower Productivity Growth in the Canadian Business Sector after 2000: The Role of Capital Measurement Issues," International Productivity Monitor, Centre for the Study of Living Standards, vol. 34, pages 21-39, Spring.
    5. Jennifer Bruner & Dylan G. Rassier & Kim J. Ruhl, 2018. "Multinational Profit Shifting and Measures throughout Economic Accounts," NBER Chapters, in: Challenges of Globalization in the Measurement of National Accounts, pages 153-205, National Bureau of Economic Research, Inc.
    6. Merve Yosunkaya, 2023. "Hybrid Employees Approaches Toward Hybrid Working and the Work-Life Balance: A Field Study," Journal of Social Policy Conferences, Istanbul University, Faculty of Economics, issue 85, pages 169-198, December.
    7. Jorge Antunes & Goodness C. Aye & Rangan Gupta & Peter Wanke & Yong Tan, 2020. "Endogenous Long-Term Productivity Performance in Advanced Countries: A Novel Two-Dimensional Fuzzy-Monte Carlo Approach," Working Papers 2020111, University of Pretoria, Department of Economics.
    8. Alexander Murray, 2017. "What Explains the Post-2004 U.S.Productivity Slowdown?," CSLS Research Reports 2017-05, Centre for the Study of Living Standards.
    9. Gene M. Grossman & Elhanan Helpman & Ezra Oberfield & Thomas Sampson, 2017. "The productivity slowdown and the declining labor share: a neoclassical exploration," CEP Discussion Papers dp1504, Centre for Economic Performance, LSE.
    10. Janice Eberly & John G. Fernald, 2022. "Jackson Hole 2022 - Reassessing Economic Constraints: Potential Output (The Impact of COVID on Productivity and Potential Output)," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, August.
    11. Gordon, Robert J. & Sayed, Hassan, 2020. "Transatlantic Technologies: The Role of ICT in the Evolution of U.S. and European Productivity Growth," CEPR Discussion Papers 15011, C.E.P.R. Discussion Papers.
    12. Michael Grömling & Thomas Niebel, 2024. "Measuring the productivity effects of digital capital—a conceptual approach," AStA Wirtschafts- und Sozialstatistisches Archiv, Springer;Deutsche Statistische Gesellschaft - German Statistical Society, vol. 18(3), pages 319-335, December.
    13. Robert J. Gordon & Hassan Sayed, 2019. "The Industry Anatomy of the Transatlantic Productivity Growth Slowdown," NBER Working Papers 25703, National Bureau of Economic Research, Inc.
    14. Diewert, Erwin & FOX, Kevin J. Fox & SCHREYER, Paul, 2017. "The Digital Economy, New Products and Consumer Welfare," Microeconomics.ca working papers erwin_diewert-2017-12, Vancouver School of Economics, revised 14 Dec 2017.
    15. W. Erwin Diewert & Kevin J. Fox, 2017. "Decomposing Value Added Growth into Explanatory Factors," Discussion Papers 2017-02, School of Economics, The University of New South Wales.
    16. Lin Shao & Rongsheng Tang, 2024. "Allocative efficiency and the productivity slowdown," BIS Working Papers 1185, Bank for International Settlements.
    17. Mario Benassi & Elena Grinza & Francesco Rentocchini & Laura Rondi, 2022. "Patenting in 4IR technologies and firm performance [Robots and jobs: evidence from US labor markets]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(1), pages 112-136.
    18. Mengheng Li & Ivan Mendieta‐Muñoz, 2020. "Are long‐run output growth rates falling?," Metroeconomica, Wiley Blackwell, vol. 71(1), pages 204-234, February.
    19. Andrew T. Foerster & Andreas Hornstein & Pierre-Daniel G. Sarte & Mark W. Watson, 2022. "Aggregate Implications of Changing Sectoral Trends," Journal of Political Economy, University of Chicago Press, vol. 130(12), pages 3286-3333.
    20. Pittiglio, Rosanna, 2024. "Counterfeiting and firm survival. Evidence from the Italian manufacturing industry," Economic Systems, Elsevier, vol. 48(2).

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsoctx:v:14:y:2024:i:2:p:19-:d:1332287. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.