The digital, quaternary or 4.0 web economy: aspects, effects and implications

The world economy is changing dynamically with the expansion of information technology (IT). The change is not only happening at the technology industry level itself; other industries are also being disrupted with the appearance of smart factories, autonomous cars, smart e-commerce, and the like. This paper preliminarily analyses the economic effects and concrete aspects of the quaternary economy, the knowledge-based part of the economy, which...