Preprint Review Version 1 Preserved in Portico This version is not peer-reviewed

Twenty-First Century Competencies: About Competencies for Industry 5.0 and the Opportunities for Emerging Economies

Version 1 : Received: 2 March 2024 / Approved: 4 March 2024 / Online: 4 March 2024 (11:14:56 CET)

How to cite: Ikenga, U.G.; Sijde, P. Twenty-First Century Competencies: About Competencies for Industry 5.0 and the Opportunities for Emerging Economies. Preprints 2024, 2024030143. https://doi.org/10.20944/preprints202403.0143.v1 Ikenga, U.G.; Sijde, P. Twenty-First Century Competencies: About Competencies for Industry 5.0 and the Opportunities for Emerging Economies. Preprints 2024, 2024030143. https://doi.org/10.20944/preprints202403.0143.v1

Abstract

Industry 5.0 philosophy recognizes the effectiveness and productivity of the industry sector to add value to society and place workers' comfort as it focal aim . The difference between Industry 5.0 and its predecessors, and unlike Industry 4.0, industry 5.0 thematic principles rely on a tripod of sustainable, human-centric and resilient, these thematic principles underlined the industry 5.0 vision of social value, improving work-safety , application of technology to produce wealth beyond jobs, research and innovation , and strengthen of industrial resilience and competitiveness. But recently, there is a general belief that a perfect storm is brewing for the future of work, brought about by ever-more concerning trends of displacement and low skill levels of workers competencies to handle the new technologies of industry 5.0 in emerging economies. This paper therefore, will discuss the desired twenty-first-century competencies that are needed in the workforce for Industry 5.0, two research questions guided the study to identify these twenty-first-century competencies, and how these competencies can be cultivated and inculcated in the education curriculum and policies of emerging economies and the potential of the adaptation of Industry 5.0 on these emerging economies. the study concluded that emerging economies must possess the ability to create policies that will advance social stability, resource preservation, and climate objectives, which will enable more productive production processes with lower waste and energy usage.

Keywords

industrial revolution , industry 4.0, industry 5.0, emerging economise ,sustainability, competencies , 20th century skills

Subject

Business, Economics and Management, Business and Management

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