MODERNIZATION AS KEY DEVELOPMENT TOOL AND SAFEGUARD AGAINST RISKS ASSOCIATED WITH RAPID INNOVATIVE PROGRESS
The article reviews modernization at an angle of the need to ensure that any technological advancement in the economic sphere should be focused on as well as guarantee beneficial effects for the population as the key fundamental priority of the revolutionary technological transformations taking pl...
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| Format: | Article |
| Language: | English |
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Cahul State University ”B.P.Hasdeu”
2018-12-01
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| Series: | Scientific Journal of Cahul "Bogdan Petriceicu Hasdeu" State University: Economic & Engineering Studies |
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| Online Access: | http://jees.usch.md/wp-content/uploads/2019/03/4q.pdf |
| Summary: | The article reviews modernization at an angle of the need to ensure that any technological
advancement in the economic sphere should be focused on as well as guarantee beneficial effects for the
population as the key fundamental priority of the revolutionary technological transformations taking place at
present. The effect of widespread robotization coupled with extensive efforts to advance artificial intelligence
may inevitably lead to replacement of human labour which phenomenon should be "cushioned" by effective
modernizational policies and efforts through efficient integration and adaptation of innovative technologies
primarily for the benefit of the improved well-being of the people.
Modernization is explained from various aspects of economic development; its components, factors
and evaluation of its progress are substantiated along with analysis of various processes taking place under the
transformational-modernizational activities in the economic system. Also, modernizational potential is reviewed
and detailed as a basis and foundation for successful modernizational activities' implementation. |
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| ISSN: | 2587-313X 2587-3121 |