Technological Innovation

Author:Alexandra Bostan
Position:Al.I.Cuza University, Faculty of Economics and Business Administration, Iasi
Technological Inovattion
Alexandra Bostan
“Al.I.Cuza” University, Faculty of Economics and Business Administration, Iaşi
Abstract. The spectacular development of technology within the field of informatics and telecommunication
for the last decade, associated with a postindustrial revolution, has solidly contributed to the globalization of
the contemporary international economic life. A very important factor in promoting the globalization of
production and the financial globalization is the recent progress fro m the technology of information and
communication which has a strong impact on the economic, social and cultural life. The postindustrial
revolution marks th e transfer from an industrial based culture to a culture based on information,
communication and experience.
Keywords: Globalization, revolution, industrial, postindustrial
The technological innovation comprises the technology of information and communication,
having a strong impact upon mobility and communication. The technological revolution involves a
“social revolution” and the advancement from the industrial capitalism towards a postindustrial
conception of the economic relationships.
In order to understand the economic and social transformations from the nowadays society, the
historical stages of the technological transition shall be concisely presented – from the first to the third
technological revolution.
The first technological revolution, triggered at the end of the 18th century, was marked by great
technical performances which led to remarkable progress in industry and transports and the prevalence
of these performances has lasted for more than 100 years. The arrival of the stream machine has
revolutionized the existent technology of that time, the products modeling the economic and
technological structures being coal, iron and garment. These industries were based on simple
electromagnetic principles, using high quantities of energy and disposing huge quantities of waste and
pollutants. There were characterized by long production cycles, elusive quality of the craft labour,
repetitive work, standardized products and a strongly centralized leadership.
Besides important mutations within the field of economics, mainly determined by the use of
modern manufacturing techniques, the industrial revolution has triggered changes within the entire
social context. The structural changes induced by industrialization were eventually felt in all
articulations of the society: from the qualification of the work force to the institutionalized reforms
adopted all along the years by the present developed countries; from the general infrastructure,
functionally adapted to be able to face the technical progress already present in all the other branches of
the national economy to the specialization of consumption; from the differentiation of economic
activities and the deepening of the social division of work up to their vertical and horizontal
integration.1 The British experience of the industrialization was taken by a part of the countries of the
European continent on the one hand but also by the USA, Canada and Japan, on the other hand, the
second halt of the 19th century being marked by an entire series of new industrial methods indicating the
beginning of the second industrial revolution.
1 Postelnicu, C., & Postelnicu, G. (2000). Globalizarea ceonomiei. Ed. Economică. Bucureşti, p.19

To continue reading

Request your trial