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Impact of Technology Revolution on Economic Development Over the Past Decade

Ribeiro, Maria I. B. ; Rogão, Márcia C. R. ; Lopes, Isabel M. ; Fernandes, António J. G.

Advanced Research in Technologies, Information, Innovation and Sustainability, p.485-501 [Periódico revisado por pares]

Cham: Springer Nature Switzerland

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  • Título:
    Impact of Technology Revolution on Economic Development Over the Past Decade
  • Autor: Ribeiro, Maria I. B. ; Rogão, Márcia C. R. ; Lopes, Isabel M. ; Fernandes, António J. G.
  • Assuntos: Digital Economy ; Digital revolution ; Economic development ; Technology
  • É parte de: Advanced Research in Technologies, Information, Innovation and Sustainability, p.485-501
  • Descrição: In the past decade, the exponential development of ICT has generated a fast economic development. So, in order to better understand this phenomenon, a systematic literature review based on the Scopus database was carried out. The majority of the studies was developed in Europe and was secondary (82.4%) and qualitative (64.7%) research. Regarding the microeconomic level, the evidences are: greater efficiency of businesses and companies, improved productivity; reduction of transaction costs; improved profit/economic performance of businesses; creation of closer ties between companies and customers, suppliers and partners/collaborators; changes in the functioning of markets that become more dynamic, challenging and competitive; new ways of production organization, changes in the structure of demand and supply for goods and services; and, the emergence of new products. With regard to the macroeconomic level, the results show that ICT and emerging technologies have positive impacts on innovation, employment, economic and financial development, the human development index, social development, with greater civic participation of citizens in Society, greater social well-being, improvement of living conditions especially in the poorest rural areas, better quality of life, reduction of poverty, although there is also the risk of exclusion of significant parts of Society if not adhered to technologies. There are also researches that highlight the role of ICT in sustainable development (economic, social and environmental). It should be noted that existing studies confirm that the impacts are greater on economic growth when compared to economic development and the human development index.
  • Títulos relacionados: Communications in Computer and Information Science
  • Editor: Cham: Springer Nature Switzerland
  • Idioma: Inglês
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  • Realização: ABCD-USP USP   Logos de Redes Sociais: Freepik

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