Additive economy and new horizons of innovative business development
The disruptive technologies and cyber-physical production systems are important factors that bring transformations to socio-economic formations. The paper aims to formulate the content, key directions, positive and negative effects of additive economy (AE) in the current transition phase to Industry...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2022-05-01
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| Series: | Problems and Perspectives in Management |
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| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/16475/PPM_2022_02_Melnyk.pdf |
| _version_ | 1811215205015748608 |
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| author | Leonid Melnyk Oleksandr Matsenko Oleksandr Kubatko Maxim Korneyev Oleg Tulyakov |
| author_facet | Leonid Melnyk Oleksandr Matsenko Oleksandr Kubatko Maxim Korneyev Oleg Tulyakov |
| author_sort | Leonid Melnyk |
| collection | DOAJ |
| description | The disruptive technologies and cyber-physical production systems are important factors that bring transformations to socio-economic formations. The paper aims to formulate the content, key directions, positive and negative effects of additive economy (AE) in the current transition phase to Industry 4.0. The research method is based on the analysis of structural links in socio-economic systems, where the additive economy potential is realized. The additive economy is treated as a new approach to production technological aspect based on the additive principle of manufacturing and aimed at minimizing the use of primary natural resources for dematerialization of social production. AE is the antithesis of the subtractive economy, which dominates today and uses only a tiny proportion of extracted natural resources. Among the positive effects of AE, there are the reduction in energy intensity of products, dematerialization of production, solidarity of society, economic systems sustainability, and intellectualization of technologies and materials. Among the negative expectations of AE, there are increased information vulnerability of production, risk of losing control over cyber-physical systems, expanding the unification of individuals, and increasing psychological stress. The additive economy is more sustainable than the subtractive economy since it does not require extra components to the production spheres, reduces the resource scarcity, and could satisfy more economic agents’ needs. Therefore, improved production efficiency due to AE promises economic growth acceleration, environmental burden and social risk reduction.
Acknowledgment The publication was prepared in the framework of the research projects “Sustainable development and resource security: from disruptive technologies to digital transformation of Ukrainian economy” (№ 0121U100470); Fundamental bases of the phase transition to an additive economy: from disruptive technologies to institutional sociologization of decisions (No. 0121U109557). |
| first_indexed | 2024-04-12T06:18:31Z |
| format | Article |
| id | doaj.art-b7c3b10bc6f44099bbfe32393ba5dd56 |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-04-12T06:18:31Z |
| publishDate | 2022-05-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-b7c3b10bc6f44099bbfe32393ba5dd562022-12-22T03:44:25ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672022-05-0120217518510.21511/ppm.20(2).2022.1516475Additive economy and new horizons of innovative business developmentLeonid Melnyk0https://orcid.org/0000-0001-7824-0678Oleksandr Matsenko1https://orcid.org/0000-0002-1806-2811Oleksandr Kubatko2https://orcid.org/0000-0001-6396-5772Maxim Korneyev3https://orcid.org/0000-0002-4005-5335Oleg Tulyakov4https://orcid.org/0000-0002-2025-4601Doctor in Economics, Department of Economics, Entrepreneurship and Business Administration, Sumy State UniversityPh.D., Associate Professor, Department of Economics, Entrepreneurship and Business Administration, Sumy State UniversityDoctor of Economics, Dr.Sc., Professor, Department of Economics, Entrepreneurship and Business Administration, Sumy State UniversityDoctor of Economics, Professor, Department of International Economic Relations and Regional Studies, University of Customs and FinanceCandidate of Pedagogical Sciences, Associate Professor, Department of Psychology, Political Science and Socio-Cultural Technologies, Faculty of Foreign Philology and Social Communications, Sumy State UniversityThe disruptive technologies and cyber-physical production systems are important factors that bring transformations to socio-economic formations. The paper aims to formulate the content, key directions, positive and negative effects of additive economy (AE) in the current transition phase to Industry 4.0. The research method is based on the analysis of structural links in socio-economic systems, where the additive economy potential is realized. The additive economy is treated as a new approach to production technological aspect based on the additive principle of manufacturing and aimed at minimizing the use of primary natural resources for dematerialization of social production. AE is the antithesis of the subtractive economy, which dominates today and uses only a tiny proportion of extracted natural resources. Among the positive effects of AE, there are the reduction in energy intensity of products, dematerialization of production, solidarity of society, economic systems sustainability, and intellectualization of technologies and materials. Among the negative expectations of AE, there are increased information vulnerability of production, risk of losing control over cyber-physical systems, expanding the unification of individuals, and increasing psychological stress. The additive economy is more sustainable than the subtractive economy since it does not require extra components to the production spheres, reduces the resource scarcity, and could satisfy more economic agents’ needs. Therefore, improved production efficiency due to AE promises economic growth acceleration, environmental burden and social risk reduction. Acknowledgment The publication was prepared in the framework of the research projects “Sustainable development and resource security: from disruptive technologies to digital transformation of Ukrainian economy” (№ 0121U100470); Fundamental bases of the phase transition to an additive economy: from disruptive technologies to institutional sociologization of decisions (No. 0121U109557).https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/16475/PPM_2022_02_Melnyk.pdf3D-printingdematerializationdisruptive technologyeconomic growthintellectualizationproduction |
| spellingShingle | Leonid Melnyk Oleksandr Matsenko Oleksandr Kubatko Maxim Korneyev Oleg Tulyakov Additive economy and new horizons of innovative business development Problems and Perspectives in Management 3D-printing dematerialization disruptive technology economic growth intellectualization production |
| title | Additive economy and new horizons of innovative business development |
| title_full | Additive economy and new horizons of innovative business development |
| title_fullStr | Additive economy and new horizons of innovative business development |
| title_full_unstemmed | Additive economy and new horizons of innovative business development |
| title_short | Additive economy and new horizons of innovative business development |
| title_sort | additive economy and new horizons of innovative business development |
| topic | 3D-printing dematerialization disruptive technology economic growth intellectualization production |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/16475/PPM_2022_02_Melnyk.pdf |
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