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Key Opportunities and Challenges for 4IR in South Africa

Author

Listed:
  • Rachel Alexander

    (Centre for Business and Development Studies, Copenhagen Business School, and SARChI ID, University of Johannesburg.)

Abstract

The Fourth Industrial Revolution (4IR) can involve changes that range from minor adjustments to the features of products, to the creation of new sectors and technologies that transform how the economy operates and how people’s daily lives are structured. 4IR is spreading around the world at different paces. This fourth and concluding paper in SARChI Industrial Development Working Paper Series WP 2021-8 provides insight into two key questions. The first is, ‘What are the barriers and opportunities for South African firms related to 4IR?’ To answer this question, the paper presents a set of key drivers, opportunities and challenges. To guide action on identified opportunities and challenges, relevant recommendations that have been developed through a variety of recent publications are included. To answer the second question, ‘What are the risks and opportunities for South Africa as 4IR spreads?’, this paper considers the effects of the spread of 4IR systems on South Africa’s economy, environment, and employment and presents a variety of perspectives that have been shared by key stakeholders.

Suggested Citation

  • Rachel Alexander, 2021. "Key Opportunities and Challenges for 4IR in South Africa," SARChI-ID Working Papers 2021-11, SARChI Industrial Development (SARChI-ID), University of Johannesburg (UJ), revised Oct 2021.
  • Handle: RePEc:adz:wpaper:202111
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    Keywords

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    JEL classification:

    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments
    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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