This project is co financed by Erasmus + under project number ES02-KA205-012220.
An increasing number of experts believe that mankind is about to be confronted with a radical change of economic and social way of life.
These changes will be driven by the accelerated development of technologies. Klaus Martin Schwab, the founder and executive chairman of the World Economic Forum, made a comprehensive reference to the idea of the Fourth Industrial Revolution in his speech in Davos on 20 January 2016. According to Schwab, we are soon to see changes of the scale and complexity unknown to mankind.
In a long-term perspective the new technological transition may lead to a revolutionary breakthrough in labour efficiency and economical development. However, in a short-term perspective it may cause a substantial imbalance in the world economy, thereby aggravating inequality and encouraging the risk of global structured unemployment.