Economy problem: Technology

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Literature Review: Technology problem for Economy

This “Ten Problems for Economy in the 2020s” booklet identifies ten relevant areas from very recent contributions put forward at academic level in the form journal articles, conference proceedings and students theses. Ten freely accessible internet references have been selected for each area and direct links are provided at the end of each chapter for own consultation. Our selected references do not intend to mirror ranking indexes nor establish novel classifications. On the contrary, they are meant to represent peer-reviewed, diverse and scientifically-sound case studies for vertical dissemination aimed at non-specialist readers. They will also be able to scoop even more references through the bibliography that is reported at the end of each selected reference.

Without further ado, these are the ten problems that we are going to introduce in this booklet:

  1. business, 
  2. finance,
  3. policies,
  4. technology,
  5. debt,
  6. labor,
  7. entrepreneurship,
  8. markets,
  9. wealth,
  10. growth.

Each problem has its own dedicated chapter made of an introductory section, a short presentation of the ten selected references and a conclusions section.

The final chapter of this booklet will report the conclusions from each chapter again in order to provide a complete executive summary.

4 Technology

THE PROBLEM — Drastic innovations induce a series of significant changes on the economic and social system. Artificial intelligence, fintech, blockchain and cryptocurrencies are changing the financial services industry, also toward green finance for sustainable development while lowering costs. In parallel, the fourth industrial revolution is bringing changes into the labor market, while the digital revolution is also spreading inequality and massive wealth concentration.

CASE STUDIES — … buy this booklet from Amazon …

CONCLUSIONS — Although the European Commission suggests that it is possible to decouple economic growth from natural resource use, it was proven impossible by global and local economic systems. The traditional tasks of the finance function get automated, allowing the finance function to rethink its role in the organization. Security is the most important aspect of mobile financial applications, with higher income people tending to use them more frequently. The fourth industrial revolution is radically changing the industrial framework as well as the world of businesses, especially small and medium enterprises. Artificial Intelligence is changing the physics of financial services. The COVID-19 crisis is stimulating interest in experiencing the digital nomadic lifestyle. Following the COVID-19 pandemic, electrical and electronic equipment manufacturing, and optical equipment manufacturing industries in China dominate the Regional Value Chains reconstruction path, integrating global and domestic Value Chains. Econometric results point to Middle East and North Africa having experienced a relatively slow pace of technology adoption in general-purpose technologies. Digital advances have generated enormous wealth in record time, but that wealth has been concentrated around a small number of individuals, companies and countries. Micro finance institutions have a very important and effective role in developing countries because they are considered the backbone of their economies.

TEN FREE REFERENCES FROM THE INTERNET — … buy this booklet from Amazon …

“Ten Problems for Economy in the 2020s” booklet for Amazon Kindle, 2020; click on the cover to go to the dedicated Amazon listing page

booklet updated on 30 Mar 2021, now on sale as version 1.1

By TenProblems

Literature Reviews for Inquisitive Minds