Societal Implications of Fiscal and Monetary Policies: Does Good Governance Matter?, Taylor & Francis Ltd, ss.253-264, 2026
Innovations and technologies in Industry 5.0 (I5) can result in the widespread adoption of capital intensive production, potentially challenging labor-intensive industries and people's employment opportunities, affecting social sustainability. This chapter aims to examine the role of good governance (GG) and I5 in enhancing social sustainability in the I5 era and to provide recommendations for strategies to enhance contribution of the GG, I5, Industry 5.0 technologies (I5Ts), and countries’ fiscal and monetary policies to the social sustainability. This chapter highlights the relationship among I5, I5Ts, social sustainability, good governance, and countries’ fiscal and monetary policies. It is found that countries’ effective and strategic fiscal and monetary policies to invest in I5 and I5Ts are required to prevent the informal economy, to support GG and social sustainability, to overcome potential challenges of I5 and I5Ts, to enhance and encourage their contribution to GG and social sustainability, and to ensure that I5 and I5Ts related investments adhere to social sustainability and GG can comply with human-centric GG and social sustainability.