ECONOMIC COMPETITION BETWEEN USA, CHINA AND EUROPEAN UNION IN INFORMATION AND COMMUNICATION TECHNOLOGIES

Information and communication technologies (ICT) remain one of the top industries in the world economy, providing high value added, high-tech and showing potential to decide the future winners of the technological race on the global scene. During the SARS-CoV-2 pandemic and the associated crisis, th...

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Main Author: Cristian Moisoiu
Format: Article
Language:ron
Published: Institute for World Economy 2020-12-01
Series:Revista de Economie Mondială
Subjects:
Online Access:http://iem.ro/rem/index.php/REM/article/view/780/864
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author Cristian Moisoiu
author_facet Cristian Moisoiu
author_sort Cristian Moisoiu
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description Information and communication technologies (ICT) remain one of the top industries in the world economy, providing high value added, high-tech and showing potential to decide the future winners of the technological race on the global scene. During the SARS-CoV-2 pandemic and the associated crisis, the IT industry continued to grow dramatically and provide technical solutions to make traditional industries in lockdown work further, but also digital solutions for vital services, like local governance, education or shopping. Regardless of the evolution of the pandemic and the way out of the crisis, the high-tech tools will determine the future of the world economy. Thus, both the opportunities and risks are being analysed from the perspective of the world economic powers. Among these, the three main economic blocks that have a word to say in this global competition for digitalisation are the USA, China and the EU, each trying to acquire the most competitive advantages in order to win the current race.
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spelling doaj.art-e650e8c500354309809c22b4e352f5e42022-12-21T19:44:12ZronInstitute for World EconomyRevista de Economie Mondială2343-95212020-12-011222949ECONOMIC COMPETITION BETWEEN USA, CHINA AND EUROPEAN UNION IN INFORMATION AND COMMUNICATION TECHNOLOGIESCristian Moisoiu0Institutul de Economie Mondială – Academia Română, București, RomâniaInformation and communication technologies (ICT) remain one of the top industries in the world economy, providing high value added, high-tech and showing potential to decide the future winners of the technological race on the global scene. During the SARS-CoV-2 pandemic and the associated crisis, the IT industry continued to grow dramatically and provide technical solutions to make traditional industries in lockdown work further, but also digital solutions for vital services, like local governance, education or shopping. Regardless of the evolution of the pandemic and the way out of the crisis, the high-tech tools will determine the future of the world economy. Thus, both the opportunities and risks are being analysed from the perspective of the world economic powers. Among these, the three main economic blocks that have a word to say in this global competition for digitalisation are the USA, China and the EU, each trying to acquire the most competitive advantages in order to win the current race.http://iem.ro/rem/index.php/REM/article/view/780/864international competitivenessinformation and communication technologies (ict)5gthe fourth industrial revolution
spellingShingle Cristian Moisoiu
ECONOMIC COMPETITION BETWEEN USA, CHINA AND EUROPEAN UNION IN INFORMATION AND COMMUNICATION TECHNOLOGIES
Revista de Economie Mondială
international competitiveness
information and communication technologies (ict)
5g
the fourth industrial revolution
title ECONOMIC COMPETITION BETWEEN USA, CHINA AND EUROPEAN UNION IN INFORMATION AND COMMUNICATION TECHNOLOGIES
title_full ECONOMIC COMPETITION BETWEEN USA, CHINA AND EUROPEAN UNION IN INFORMATION AND COMMUNICATION TECHNOLOGIES
title_fullStr ECONOMIC COMPETITION BETWEEN USA, CHINA AND EUROPEAN UNION IN INFORMATION AND COMMUNICATION TECHNOLOGIES
title_full_unstemmed ECONOMIC COMPETITION BETWEEN USA, CHINA AND EUROPEAN UNION IN INFORMATION AND COMMUNICATION TECHNOLOGIES
title_short ECONOMIC COMPETITION BETWEEN USA, CHINA AND EUROPEAN UNION IN INFORMATION AND COMMUNICATION TECHNOLOGIES
title_sort economic competition between usa china and european union in information and communication technologies
topic international competitiveness
information and communication technologies (ict)
5g
the fourth industrial revolution
url http://iem.ro/rem/index.php/REM/article/view/780/864
work_keys_str_mv AT cristianmoisoiu economiccompetitionbetweenusachinaandeuropeanunionininformationandcommunicationtechnologies