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Implications For Romania Of The Transition To The Technologies Of The Fourth Industrial Revolution

Author

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  • Florin Bonciu

Abstract

The ever larger implementation of technologies specific to the Fourth Industrial Ievolution – among which we mention artificial intelligence, robots, quantum computers, new sources of energy, composite and 2D materials, etc.) – will substantially influence the majority of elements that determine the global balance of power and implicitly the world order. In this context and given that Romania has very few options in the area of tangible elements of power, our recommendation is to focus on the intangible elements, namely the existence of a strategic purpose and the determination to follow a national strategy.

Suggested Citation

  • Florin Bonciu, 2019. "Implications For Romania Of The Transition To The Technologies Of The Fourth Industrial Revolution," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 11(2), pages 53-63.
    • Handle: RePEc:iem:journl:v:11:y:2019:i:2:p:53-63
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    File URL: http://iem.ro/rem/index.php/REM/article/view/737/820
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    More about this item

    Keywords

    the Fourth Industrial Revolution; artificial intelligence; robots; world order; balance of power;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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