Implementation of Industry 4.0 in Second World Nations : A comparative study on Romania and Germany

Registration ID: IJNRD_205962

Published ID: IJNRD2309390

DOI: Click Here to Get

Sangeeta Sambhi , Dr. Pushpak Sharma

Industry 4.0, IIoT, Mittelstand Model, Twin-Deficit, Revolution, Smart Factory.

Industrial Revolution 4.0, initiated by Germany, as an idiosyncratic concept has not been tough to rumble pan globe. However, its adoption and application, is facing set-backs, especially in upper income developing nations, with an immense potential for development of a strong manufacturing base. This study has been conducted, to analyze the differences in the distant and gap-riddled development of Industrial Revolution 4.0, in Germany’s counterpart, i.e., Romania. In this study, Germany as a developed nation, has been compared, to the developing nation of Romania, both of them being main exporters of automotive parts, and members of EU. They are labeled as second world nations, on the basis of Second World War’s definition, which indicates the presence of deadly wars aspect in shaping the countries of study. Germany sailed through the difficulties posed by its adoption, but, Romania has a crippled growth due to existence of twin-deficits. Multivariate Regression Model, has indicated, that mirroring of Mittelstand Model of Germany, in Romania, will improve its functional optimality. Thus, balancing Macroeconomic Variables, promoting sustainable, and cost-cutting measures of producing valuable products, establishing efficient supply chain management, and incubating innovative business ideas.

Published Paper   E-Certificate

Sangeeta Sambhi & Dr. Pushpak Sharma (September-2023). Implementation of Industry 4.0 in Second World Nations : A comparative study on Romania and Germany. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(9), d765-d774. https://ijnrd.org/papers/IJNRD2309390.pdf

Volume 8 Issue 9, September-2023

Pages : d765-d774

Paper Reg. ID: IJNRD_205962

Published Paper Id: IJNRD2309390

Downloads: 000121986

Research Area: Management

Country: Shimla , Himachal Pradesh, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2309390.pdf

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Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

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