Skip to Main Content
The Ongoing Technological System
book

The Ongoing Technological System

by Smaïl Aït-El-Hadjait
October 2017
Intermediate to advanced content levelIntermediate to advanced
188 pages
4h 40m
English
Wiley-ISTE
Content preview from The Ongoing Technological System

6The Second Wave of the Technology System Transforms and Reorganizes the Economy and Social Systems

The great technological transformation and its very deep innovation movement have generated a proliferation of new products and services, which in turn have generated new forms of consumption in unprecedented market mechanisms. This configuration is in the process of changing means of production, productivity rhythm, the structure of prices, costs and profits; it brings about new business models, which strongly accelerate the accumulation of capital. At the same time, this powerful technological movement has disrupted the relative contributions of capital and labor and has challenged workers’ skills and trade structures, inducing, in parallel, the erosion of salary employment for the benefit of precarious forms of activity. Nevertheless, this transformational movement is at the moment challenging the current forms of globalization and the international division of labor, as it leads to cancel out the relative cost advantage, mainly in terms of wages, of emerging countries, which may jeopardize the tendency for sustained growth that many emerging countries have experienced for the past two decades.

However, this social transformation induced by this technological innovation movement is not limited to the economic sphere; it is re-shaping the process of knowledge production, with the alteration of forms of research and development. At the same time, the profound disruption of training ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Reinventing the Organization for GenAI and LLMs

Reinventing the Organization for GenAI and LLMs

Ethan Mollick
Biotechnology and Nutrition

Biotechnology and Nutrition

Donald Bills, Shain-dow Kung
Academic Press Library in Signal Processing

Academic Press Library in Signal Processing

Sergios Theodoridis, Rama Chellappa

Publisher Resources

ISBN: 9781786302144Purchase book