The Journal of Asian Finance, Economics and Business

Korea Distribution Science Association (한국유통과학회)
권호 표지
DOI QR코드

DOI QR Code

Towards Sustainable Environmental Policy and Management in the Fourth Industrial Revolution: Evidence from Big Data Analytics

  • CHOI, Choongik (Department of Public Administration, Kangwon National University) ;
  • KIM, Chunil (Housing Urban Finance Institute, Korea Housing & Urban Guarantee Corporation (HUG)) ;
  • KIM, Chulmin (Institute of Social Science, Kangwon National University)
  • Received : 2019.01.18
  • Accepted : 2019.07.23
  • Published : 2019.08.30
Download PDF
⟨ Previous Next ⟩

Abstract

This study is to explore the relationship between the Fourth Industrial Revolution and the environment using the big data methodology. We scrutinize the trend of the Fourth Industrial revolution, in association with the environment, and provide implications for a more desirable future environmental policy. The results show that the Industrial Revolution has been generally perceived as negative to environment before the 2010s, while it has been widely regarded as positive after the period. It is highly expected that the Fourth Industrial Revolution will be capable of functioning as a new alternative to enhance the quality of the biophysical and social environment. This study justifies that the new wave of technological development may serve as a cure for the enhancement of the environmental quality. The positive linkage between the new technological development and the environment from this study clearly indicates that the environmental industry and environmental technologies will be key economic factors in the next-generation society. They should be of critical importance in shaping our cities into clearer and greener spaces, and people will continuously depend on the development of new environmental technologies in order to correct environmental damages.

Keywords

References

  1. Choi, C. (2016). Does economic growth really reduce disaster damages? Index decomposition analysis for the relationship between disaster damages, urbanization and economic growth. International Journal of Urban Sciences, 20(2), 188-205. https://doi.org/10.1080/12265934.2016.1144520
  2. Elliott, L. (2016). Fourth Industrial Revolution brings promise and peril for humanity. Guardian. Retrieved August 18, 2017, from https://www.theguardian.com/business/economics-blog/2016/jan/24/4th-industrial-revolutionbrings-promise-and-peril-for-humanity-technology-davos.
  3. Engels, F. (2009). The Condition of the Working Class in England. London, England: Penguin Classics.
  4. Hanlon, W. W. (2016). Coal Smoke and the Costs of the Industrial Revolution (No. w22921). National Bureau of Economic Research.
  5. He, Y. (2018). A study on the impact of artificial intelligence industry on macroeconomy: Evidence from United States of America. East Asian Journal of Business Management, 8(4), 37-44. https://doi.org/10.13106/eajbm.2018.vol8.no4.37
  6. Heimerl, F., Lohmann, S., Lange, S., & Ert. T. (2014). Word cloud explorer: Text analytics based on word clouds. 47th Hawaii International Conference on System Science, 1833-1842.
  7. Hunter, E. J. (1985). Computerized Cataloguing. London, England: Clive Bingley.
  8. Jung, J.-S., & Khoe, K. (2018). The strengthening of export competitiveness through the 6th agriculture industrialization and the 4th Industrial Revolution. Journal of Industrial Distribution & Business, 9(3), 31-43. https://doi.org/10.13106/IJIDB.2018.VOL9.NO3.31.
  9. Landes, D. S. (2003). The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to Present. Cambridge, England: Cambridge University Press.
  10. Lantz, B. (2015). Machine Learning with R. Birmingham, England: Packt Publishing.
  11. Lee, W.-J., Hong, S.-T., & Min, T. (2018). Bitcoin distribution in the age of digital transformation: Dual-path approach. Journal of Distribution Science, 16(12), 47- 56. https://doi.org/10.15722/jds.16.12.201812.47
  12. Ma, J.-H., Choi, S.-B., & Ahn, Y.-H. (2017). The impact of eco-friendly management on product quality, financial performance and environmental performance. Journal of Distribution Science, 15(5), 17-28. https://doi.org/10.15722/jds.15.5.201705.17
  13. Park, Y.-K. (2018). Performance analysis of preprocessing algorithm in container terminal and suggestion for optimum selection. Journal of Distribution Science, 16(12), 95-104. https://doi.org/10.15722/jds.16.12.201812.95
  14. Pelling, M. (2007). Learning from others: the scope and challenges for participatory disaster risk assessment. Disasters, 31(4), 373-385. https://doi.org/10.1111/j.1467-7717.2007.01014.x
  15. Perrow, C. (1999). Normal Accidents: Living with High-Risk Technologies. Princeton, NJ: Princeton University Press.
  16. Ray, K. (1998). Industrialization and Development: A Comparative Analysis. London, England: UGL Press.
  17. Rifkin, J. (2015). Welcome to the Third Industrial Revolution. Wharton Magazine.
  18. Schwab, K. (2016). The 4th Industrial Revolution. World Economic Forum. Retrieved November 16, 2017, from https://www.weforum.org/agenda/2015/10/will-the-fourthindustrial-revolution-have-a-human-heart-and-soul.
  19. Spilhaus, A. (1970). The next industrial revolution. Science, 167(3926), 1673-1673. https://doi.org/10.1126/science.167.3926.1673
  20. Swanborough, J. (2017). Old industrial revolutions broke the environment. Can the new one fix it? African Independent. Retrieved May 5, 2017, from https://www.africanindy.com/wef-africa/old-industrialrevolutions-broke-the-environment-can-the-new-one-fix-it-8952517.
  21. Taylor, G. R. (1951). The Transportation Revolution (pp.1815-1860). Abingdon, England: Routledge.
  22. Wickham, J. (1926). English and American Tool Builders. London, England: McGraw-Hill.

Cited by

  1. Innovations in Workforce Management: Challenges in the Fourth Industrial Revolution vol.2020, pp.2, 2019, https://doi.org/10.21272/mmi.2020.2-06
  2. Financial Sustainability of Nonprofit Organizations: Determinants of Fundraising Campaigns on Donation Intention vol.11, pp.3, 2019, https://doi.org/10.13106/jidb.2020.vol11.no3.19
  3. Analysis of Economic Development Based on Environment Resources in the Mining Sector vol.7, pp.6, 2019, https://doi.org/10.13106/jafeb.2020.vol7.no6.133
  4. Applying the Fuzzy Decision-Making Method for Program Evaluation and Management Policy of Vietnamese Higher Education vol.7, pp.9, 2019, https://doi.org/10.13106/jafeb.2020.vol7.no9.719
  5. The Role of Facilitating Conditions and User Habits: A Case of Indonesian Online Learning Platform vol.7, pp.10, 2020, https://doi.org/10.13106/jafeb.2020.vol7.no10.481
  6. The Implementation of Sustainable Manufacturing Practice in Textile Industry: An Indonesian Perspective vol.7, pp.11, 2019, https://doi.org/10.13106/jafeb.2020.vol7.no11.1041
  7. Do Environmental Performance and Environmental Management Have a Direct Effect on Firm Value? vol.8, pp.1, 2019, https://doi.org/10.13106/jafeb.2021.vol8.no1.687
  8. Strategies for the Development of Watermelon Industry Using Unstructured Big Data Analysis vol.12, pp.1, 2019, https://doi.org/10.13106/jidb.2020.vol12.no1.47
  9. Cloud-Based Accounting Adoption in Jordanian Financial Sector vol.8, pp.2, 2019, https://doi.org/10.13106/jafeb.2021.vol8.no2.0833
  10. Natural Products, the Fourth Industrial Revolution, and the Quintuple Helix vol.16, pp.3, 2019, https://doi.org/10.1177/1934578x211003029
  11. Factors Influencing Digital Transformation of Logistics Service Providers: A Case Study in Thailand vol.8, pp.5, 2019, https://doi.org/10.13106/jafeb.2021.vol8.no5.0241
  12. Fostering Attitudes and Customer Satisfaction for Sustainability by Electric Car-Sharing vol.12, pp.5, 2021, https://doi.org/10.13106/jidb.2021.vol12.no5.37
  13. Population management in an urban center using the dynamic integrated solution for an adequate atmospheric environmental quality vol.205, 2022, https://doi.org/10.1016/j.envres.2021.112482