Balancing the Copper Mining Industry: The Tripartite Approach to Embracing Industry 4.0 for Sustainable Development
摘要
The research focuses on the importance of increased investments in technological improvements and the primary source of these investments, while the Fourth Industrial Revolution introduced radical changes to the economy. Industrialization is positively affecting countries’ economies and gross domestic product worldwide. Growth in copper manufacturing in developed countries is higher than in less developed countries; however, industrialization has some drawbacks that should be monitored and resolved to be compatible with sustainability. In this research, the effect of industrialization and Industry 4.0 will be explored to examine the impact of automating business processes in copper manufacturing so the demand for copper can be satisfied with the least effect on the environment. Secondary data about the production and consumption of copper is collected from trusted sources and analyzed using regression analysis to examine the impact of Industry 4.0 on sustainability goals. While Industry 4.0 enhances production, increases return, and reduces waste and cost, governments should be controlling, not hindering, this initiative. This study contributes to the literature by integrating regression-based insights on copper production-consumption dynamics with a policy-oriented analysis grounded in a tripartite governance framework. It highlights the practical relevance of Industry 4.0 adoption in extractive industries under shared governance models.