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The Tech-Based Economic Development and the Future of Jobs

Author

Listed:
  • DORINA CLICHICI

    (Ph.D., Institute for World Economy of the Romanian Academy)

  • SIMONA MOAGĂR-POLADIAN

    (Ph.D., Institute for World Economy of the Romanian Academy)

  • ANDREEA-EMANUELA DRĂGOI

    (Ph.D., Institute for World Economy of the Romanian Academy)

Abstract

Public awareness regarding high-tech importance in improving economic growth is becoming more and more crucial in analysing an evolving labour market with greater impact on the future global economy. High-tech sectors have been essential for achieving the sustainable development of both advanced and emerging economies, hence our paper has as main objective to study the most significant trends in tech-based development emphasizing the role of technological adjustment in promoting the major changes in the future of jobs. Taking into account the spillover effects of high technologies for boosting economic growth, our research aims to provide a comparative analysis regarding the leading countries in the field. The present paper takes into consideration selected relevant technology indicators and World Development Indicators in order to evaluate the countries’ potential regarding their high-tech advancement and adaptation of the labour market to the market requirements. Using a quantitative analysis and a qualitative approach (based on the most relevant theories in the literature such as the “triple helix” model for tech-based development), the present paper shows that a cutting-edge technology also requires new skill sets for working in certain circumstances.

Suggested Citation

  • Dorina Clichici & Simona Moagăr-Poladian & Andreea-Emanuela Drăgoi, 2017. "The Tech-Based Economic Development and the Future of Jobs," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 5(1), June.
    • Handle: RePEc:ntu:ntugeo:vol5-iss1-17-090
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    References listed on IDEAS

    as
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    2. Almus, Matthias & Nerlinger, Eric A, 1999. "Growth of New Technology-Based Firms: Which Factors Matter?," Small Business Economics, Springer, vol. 13(2), pages 141-154, September.
    3. Simona Moagăr Poladian & George Cornel Dumitrescu & Andreea Drăgoi, 2015. "Technological based growth in developed countries – a quantitative assessment," National Strategies Observer (NOS), Institute for World Economy, Romanian Academy, vol. 2.
    4. Thomas Hatzichronoglou, 1997. "Revision of the High-Technology Sector and Product Classification," OECD Science, Technology and Industry Working Papers 1997/2, OECD Publishing.
    5. Attila Varga, 1998. "Local academic knowledge spillovers and the concentration of economic activity," ERSA conference papers ersa98p493, European Regional Science Association.
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