Short Run Economic Impact of Disruptive Technologies in Emerging Economies

DOI

10.2991/iccasp-16.2017.107How to use a DOI?

Keywords

Economics; Macroeconomics; developing economies; Internet of Things; Big Data and Analytics; Digital Transfor-mations; short run economics

Abstract

The wave of digital technologies is spreading in emerging economies like India. Concepts like Smart Cities and Digital India are becoming popular buzzwords across the population. Through this euphoria of a new digital future, it is now recognized that such a change will be enabled by adopting the new digital technologies like Mo-bility, Cloud, Big Data, Analytics, Robotics and Internet of things, among others. Whenever new technological advances are adopted, the future after a couple of decades looks well settled but there is always short run eco-nomic fallout (impact) of such technology disruptions. The key is to recognize the short run economics and be prepared with the right tools to tackle it. It is even more important for emerging economies to understand the short run economic fallouts as the consequences can otherwise be catastrophic. This paper highlights some of the short run economic fallouts due to digital technology disruption especially in emerging economies, using India as an example to substantiate the points expressed. It also suggests economic policies that can help tide the short run fallouts of such technology disruptions.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - S. Sadare
PY  - 2016/12
DA  - 2016/12
TI  - Short Run Economic Impact of Disruptive Technologies in Emerging Economies
BT  - Proceedings of the International Conference on Communication and Signal Processing 2016 (ICCASP 2016)
PB  - Atlantis Press
SP  - 767
EP  - 771
SN  - 1951-6851
UR  - https://doi.org/10.2991/iccasp-16.2017.107
DO  - 10.2991/iccasp-16.2017.107
ID  - Sadare2016/12
ER  -