Impact of Microelectronics

Published 1980 – Impact of Microelectronics: A Tentative Appraisal of Information Technology

Current technological change in microelectronics (information technology) differs substantially from past innovations. This assessment is based on the facts that the nature of information technology relates to the extension and replacement of human intelligence functions, which in turn explain its pervasiveness; the speed of diffusion and transition from invention to innovation; the fact that it is scientifically and technologically based and affecting all sectors and, lastly, that it requires a world market for its economic exploitation. These changes affect substantially the international division of labor and developing countries. (Source: Science Direct)

Author: Juan Rada

Other Publications

On the macroeconomics of transition and the search for clarity

On the macroeconomics of transition and the search for clarity

30 January 2024 - As part of the Earth4All project, collaborators have submitted deep-dive papers to delve further into the issues and solutions needed to transform our economic system and provide an equitable future for all on a finite planet.  This is the second...

From financing change to changing finance

From financing change to changing finance

30 October 2023 - The transformation of our economy to meet the needs of human wellbeing within planetary boundaries requires a supportive and regenerative financial system with a focus on long-term value creation. In recent history, the financial system has developed...

Club of Rome Logo