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The Tech-Based Economic Development and the Future of Jobs

Dorina Clichici (), Simona Moagăr-Poladian () and Andreea-Emanuela Drăgoi ()
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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

Global Economic Observer, 2017, vol. 5, issue 1

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.

Keywords: high-tech; technology index; future of jobs; research and development; “triple helix” model (search for similar items in EconPapers)
Date: 2017-06
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