THE IMPACT OF DIGITIZATION ON COMPETITIVENESS AND LABOUR MARKET

Manuela Unguru

Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), 2016, vol. 13

Abstract: The first three industrial revolutions have shown that technology has a strong impact on the labour market and business environment. According to expectations, the current phenomenon of rapid digitization, referred to as the Fourth Industrial Revolution, will improve competitiveness through enabling productivity gains and facilitating job creation/destruction, as well as the emergence of completely new occupations.Hence, policy makers should address challenges arising from mass digitalization, and improve collaborative involvement of all stakeholders (industry, consumers, experts, government) when designing competitiveness policies. Low digital skills in Romania represents a barrier to enhancing competitiveness. Nevertheless, the country could still take advantage of job creation in the short term,as a result of the relocation of labor-intensive activities from countries that are advanced in digitalization.

Keywords: competitiveness; technological change; employment (search for similar items in EconPapers)
JEL-codes: J21 J24 O33 (search for similar items in EconPapers)
Date: 2016
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