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

Author

Listed:
  • Theodore Koutroukis

    (Democritus University of Thrace, Department of Economics)

  • Dimos Chatzinikolaou

    (Democritus University of Thrace, Department of Economics)

  • Charis Vlados

    (Democritus University of Thrace, Department of Economics)

  • Victoria Pistikou

    (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

  • Theodore Koutroukis & Dimos Chatzinikolaou & Charis Vlados & Victoria Pistikou, 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
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    Cited by:

    1. Dimos Chatzinikolaou & Charis Michael Vlados, 2024. "New Globalization and Energy Transition: Insights from Recent Global Developments," Societies, MDPI, vol. 14(9), pages 1-21, August.
    2. 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.
    3. Dimos Chatzinikolaou & Nefeli-Maria Magaliou & Charis Michael Vlados, 2025. "Strategic Human Resource Management, Innovation, and Social Dialogue in the Fourth Industrial Revolution: The Case of Greek Pharmaceutical Multinationals," Societies, MDPI, vol. 15(8), pages 1-16, August.
    4. Charis Michael Vlados, 2024. "The Current Evolution of International Political Economy: Exploring the New Theoretical Divide between New Globalization and Anti-Globalization," Societies, MDPI, vol. 14(8), pages 1-20, July.

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    Keywords

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    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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