New Technologies and Economic Policies in the Global System

Abstract

The global system continues to process by keeping its essence through some protective and nationalist attempts. It is actually significant that the global system involves a multidimensional and technology-driven structure and that national-states’ regulations occur along with transnational practices. In this system, new technologies have a big role. New technologies consist of some innovations such as artificial intelligence, robotics, big data, internet of things, cloud technology, and so on, that describe the concept of ‘Society 5.0’ proposed by Japan and the concept of ‘Industry 4.0’ proposed by Germany. These technologies create super smart society in terms of their impacts on improving human life. Smart technologies improve human life in the fields of education, health, security, etc. On the other hand, smart technologies used in the process of production shape the global production network and the innovative strategies of firms. It is required that new technologies should not be remained uncontrolled within the logic of ‘laissez faire’ because their impacts and power are so great. Thus, national-states should make efficient economic policies by also considering transnational practices; like that Japan and Germany develop their own national view in terms of Society 5.0 and Industry 4.0. Such fields come into prominence in the economic policies in respect of new technologies: Competition policy on the basis of global competition and innovativeness—Industrialization policy on the basis of emerging industries of new technologies—Intellectual property policy on the basis of the rights of people and firms producing knowledge and innovation—Employment policy on the basis of new occupations and specialities in the global age—Social policy on the basis of new technologies’ control on individual and social life.