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The Initiative for Competitiveness proudly presents a look into the future high tech economy

The Initiative for Competitiveness proudly presents a look into the future high tech economy

The 1st of March is the first day of spring and is marked by numerous traditions. Please accept as our gift an invitation to a special event organized by INACO – “Inițiativa pentru Competitivitate” (The Initiative for Competitiveness) in collaboration with the International Business and Economics Faculty of the Bucharest University of Economic Studies and covered for a worldwide audience by The Market for Ideas magazine. It will take place on the 1st of March at 4:30 P.M. in the Robert Schuman Hall of the Bucharest University of Economic Studies. The topic of the conference is represented by the new facets of business and the economy under the rushing tide of technological development.

 

While still uncommon, already whole districts are built by 3D printers, with little workforce, and also human organs are being printed in 3D. Phosphorescent plants could completely replace public illumination at a future point. Agricultural drone-machines work 24 hours per day, 7 days per week. The only thing that the farmer needs to do is manage a control center of command computers. Drivers, one of the most widespread occupations that have resisted automation, risk losing their job as road, sea and air transport will become computerized. Even taxi drivers will be replaced by driverless public transport.

 

Author Yuval Harari highlighted the concept of “useless class” of people in his book. Those are the people that will not be able to keep up with the process of digitalization and technological development. In this situation, the whole economy will be on the shoulders of the very few with the skills to contribute high added value labor. What is going to happen with Romanian education? How do we secure for ourselves the benefits of industrial robotics, artificial intelligence and additive fabrication? We cannot afford to remain outside of these new developments. On Wednesday, 1st of March, 4.30 P.M. at Robert Schuman Hall, we will discuss all those implications and the most likely technological innovations that will shatter established patterns in the economy. In addition to myself, the first public debate organized by INACO will be attended by a special guest, Varujan Pambuccian, as a moderator and evangelist for competitive growth.

 
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OEconomica No. 1, 2016