Author
Listed:
- Mirea-Gheorghe BERECHET
(Doctoral School of the Romanian Academy, Romania)
- Simona-Ionela BECHERESCU
(Doctoral School of the Romanian Academy, Romania)
Abstract
At present, mankind, at the beginning of the era of knowledge, crosses rapidly the era of the fourth industrial revolution. Changes are so rapid and profound that, with reference to the whole of human history, there has never been a moment characterized by such great expectations or potential danger. All new developments and technologies have a key feature in common: they exploit the generalized power of digitization and information technology. The accumulation of information available today, the speed of their processing and the acceleration of innovation are difficult to understand or anticipate, constituting a source of constant surprise. Decision makers, often trapped in traditional, linear thinking clichés, are too absorbed by the immediate preoccupations to think strategically in relation to the forces that induce disruptions in institutional systems and which tend to shape our future. Technological competition implies the resilience of the activity and the ability of the institutional system to quickly reconfigure and adapt its purpose in accordance with changes of any kind: political-economic, national and international, climate etc. Resilience is given by safety, efficiency, quality, high productivity, adaptability, success, modern management, superior products, optimal costs. Thus, the creative factor must be supported and promoted by empowered institutions and policy-makers by supporting research and innovation, promoting sound policies to reduce the budget deficit, better spending orientation (improving infrastructure, investing in human capital), and sustainability tax.
Suggested Citation
Mirea-Gheorghe BERECHET & Simona-Ionela BECHERESCU, 2018.
"Information And Resilience In Ensuring The Sustainability Of Institutional System,"
Contemporary Economy Journal, Constantin Brancoveanu University, vol. 3(4), pages 204-208.
Handle:
RePEc:brc:brccej:v:3:y:2018:i:4:p:204-208
Download full text from publisher
More about this item
Keywords
;
;
;
;
;
JEL classification:
- H00 - Public Economics - - General - - - General
- O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
- P00 - Political Economy and Comparative Economic Systems - - General - - - General
Statistics
Access and download statistics
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brc:brccej:v:3:y:2018:i:4:p:204-208. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cristina GANESCU (email available below). General contact details of provider: http://www.univcb.ro/ .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.