Human wellbeing and automotive industry: correlations in the era of economical digitalization

Egor Dudukalov,Muhammad Imtiaz Subhani,Denis Ushakov

doi:10.1051/e3sconf/202021703004

Abstract

This research studies the relation between human wellbeing and automotive industry, as to whether the performance of automobile industry translates to an overall well-being of the populace. The study is based on secondary-data, and mainly takes into account the Prosperity-Index / ranking and its possible linkage with automotive sale volume of the nations. Findings of this study confirms that that the higher the prosperity index or ranking, the higher the automotive sales volume for most of the nations but several factor should be taken in to consideration, for example India automotive sale volume is bigger than the automotive sales volume of France but France prosperity rank is 19 and India in on 88 rank, it is because of the size and population of the country, India might have 10 times more population than France when divided among the population France may investing much more than India on their citizen. Findings reveal that Canada leads the table on first position with Australia on second position in the prosperity ranking, due to they provide enough opportunities for their people to live a good and healthy lives and these can be observed in terms of good automotive sales volume by these two nations. Further, finding also reveals that the automotive sales number of United States of America or several other countries have large value but that does not mean that they are also good in ranking in Prosperity Index which implies that the prosperity ranks has no direct relation with the automotive sales volume that a country generates.

Highlights

The trends of increasing quality of life and living standards has become something that the world expects more of as we enter globalization and a technological-era which heavily relies on robotics
This study focuses on the contributions of automobile industry in the growth of human-wellbeing all across the world, and how automobile industry has staggeringly changed the human lifestyle and quality-of-life over the decades
Canada leads the table on first position with Australia on second position in the prosperity ranking, due to they have very large land vacant and compared to the land have less population which enables them to provide enough resources for living to their citizens and they are very good in controlling crime rate and provides enough opportunities for their people to live a good and healthy lives and these can be observed in terms of good automotive sales volume by these two nations

Summary

Introduction

The trends of increasing quality of life and living standards has become something that the world expects more of as we enter globalization and a technological-era which heavily relies on robotics. This study focuses on the contributions of automobile industry in the growth of human-wellbeing all across the world, and how automobile industry has staggeringly changed the human lifestyle and quality-of-life over the decades. The question arises, is human-wellbeing translatable from developments in the automobile-industry? Wellbeing is often defined as a state of health, happiness, and prosperity; in other words, it means living an overall healthy and satisfied life. Human-being, perhaps out of their own self-interest, explore the potentialities of both the self and the society, in-order to lead a happy and prosperous life. The primary objective of this research is to find out the impact on human wellbeing as brought about by automobile-industry. This study has conducted a detailed research, and aims to find as to what extent is the human-wellbeing brought about by the automobile-industry?

Literature review

Findings and results

Conclusion