The generational divide – A debate on technology and the decision-making process

Raluca Iuliana Georgescu and Dumitru Alexandru Bodislav
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Raluca Iuliana Georgescu: B & Associates, Romania

Theoretical and Applied Economics, 2024, vol. XXXI, issue 2(639), Summer, 45-66

Abstract: Technology has become an essential part of modern daily life and society, influencing different aspects of human existence. This article examines the complex connection between technology and society, focusing on the differences between generations such as Gen Z and Millennials compared to Gen X and Boomers. It aims to clarify how societies might effectively utilise technological progress for their benefit. An essential aspect of this investigation is the recognition that the incorporation and assimilation of technological advancements into society structures are crucial milestones in achieving their advantages, particularly from a governmental standpoint. Furthermore, the study explores the profound influence of technology on society, with a specific focus on its ability to enhance digital supremacy, technological expertise, and generational progress. Moreover, the research examines the mutually beneficial connection between technology advancement and economic growth. It highlights the crucial importance of technological progress in stimulating economic growth, explaining how the ongoing development of technology stimulates innovation, promotes economic activity, and influences global economic conditions, including the tensions arising from different generational advancements.

Keywords: gen z; millennials; gen x; boomers; decision-making; government. (search for similar items in EconPapers)
Date: 2024
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