Sustainable economic development and post-economy of artificial intelligence

Abstract

The world economy is currently becoming involved into a most dangerous crisis of systemic nature: into the transition from postindustrial type economy to post-economy of artificial intelligence (AI). The portent to such a "transition crisis" manifests itself in the fact that the wage level has become stable in all industrially developed countries, however, the center of revolutionary qualitative change has by now shifted to a change of the employment structurethe proportion of less qualified workers group keeps decreasing, what is more, exponentially. Meanwhile, bearing in mind that live labor is the major source of increment of national wealth in sustainable postindustrial economy, it can be stated that it has reached the limit of its constructive capacities and urgently demands bringing the "personal factor" of production beyond boundaries of the latter. It is "post-economy of artificial intelligence" that is up to this imperative. It is characterized by the priority of the new source of energy and social communicating technology, it forms a brand-new economic basis which exceeds the potential of postindustrial production. What actually happens is the transition from the "economy of scarcity" to the "economy of abundance". This entails new architectonics of a social order. In post-economy of artificial intelligence, software-controlled production, service and transaction structures gain the global nature initially. As a result, "artificial intelligence" appears to be the creative software. In the new situation, the emergence of more complicated forms of economy is inevitable. Market institutionscompetition, innovation, marketabilitywill be put to comprehensive tests too. A bunch of theoretical questions arise that can be answered by the economic science. It is searching for answers to the set questions that is in the focus of attention of this paper.

Artificial intelligence as an enabler for entrepreneurs: a systematic literature review and an agenda for future research

“…Organizations are already using facial recognition and voice identification functions to automate existing products and services. Smart systems are also capable of controlling air traffic or performing integrated medical diagnostics (Mamedov et al. , 2018).…”

“…This contributes to the rapid development of productive powers in society. In fact, private research and developments, as well as state investments into AI, all have an important influence on economic growth (Mamedov et al. , 2018).…”

“…Organizations are already using facial recognition and voice identification functions to automate existing products and services. Smart systems are also capable of controlling air traffic or performing integrated medical diagnostics (Mamedov et al, 2018). The torrent of passively sensed data by the IoT, combined with big data technology, is creating a new type of entrepreneurship: sensor-based entrepreneurship.…”

Influences of the Industry 4.0 Revolution on the Human Capital Development and Consumer Behavior: A Systematic Review

“…It constitutes a new economic base, which makes the transition from the "economy of deficiency" to the "economy of abundance", which involves new architectures of social order. In the economy of artificial intelligence, new complex forms appear, which will create new competition, innovation, and commercialization pressures for market institutions [117,118]. According to Scavarda et al [119], the global movement around themes like sustainability with the triple bottom line and Industry 4.0 allows for the establishment of a ground of connection with corporate responsibility towards society.…”

Transformation of Threats to Demographic Security and Sustainable Development of the Region Due to Increased Military Actions

“…Evaluating the literature on the chosen topic [1][2][3], it should be agreed that the main priority areas for the development of the system of public administration in the regions are strengthening security and countering threats. To date, most regions have accumulated sufficient potential to manage the interaction between the state and business; territorial economic systems have significant experience and resources to improve the efficiency of the cooperation system.…”