Technological Innovation

• Author: Alexandra Bostan
• Position: Al.I.Cuza University, Faculty of Economics and Business Administration, Iasi
• Pages: 598-602

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

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