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A multidimensional financial system could provide benefits for individuals, companies, and states. Instead of top-down control, which is destined to eventually fail in a hyperconnected world, a bottom-up creation of value can unleash creative potential and drive innovations. Multiple currency...
Persistent link: https://www.econbiz.de/10012993527
Smartphones, tablets, and app stores with almost unlimited possibilities have become symbols of the digital revolution. However, while all this makes our lives more comfortable and interesting, these innovations pave the way for much more fundamental transformations. They concern the way we...
Persistent link: https://www.econbiz.de/10014139039
The invention of the steam engine turned the agricultural society (with its “Economy 1.0”) into an industrial society (with the “Economy 2.0”). Later, the spreading of education enabled the service society (with the “Economy 3.0”). And now, the pervasiveness of digital technologies...
Persistent link: https://www.econbiz.de/10014139708
In the wake of the on-going digital revolution, we will see a dramatic transformation of our economy and most of our societal institutions. While the benefits of this transformation can be massive, there are also tremendous risks to our society. After the automation of many production processes...
Persistent link: https://www.econbiz.de/10014136393
We need a "Galilean" paradigm shift in thinking, from a component-oriented, individually centered view to an interaction-oriented, systemic view. When combined with the new opportunities created by Information and Communication Technologies, such a paradigm shift will lead us to a...
Persistent link: https://www.econbiz.de/10013031345
China's New Silk Road (aka Belt and Road Initiative (BRI)) will invest a 1 trillion USD budget across Asia, Africa and Europe. As BRI wants to contribute also to sustainable development, the authors argue that only open digital participation of all citizens, corporations and governments and the...
Persistent link: https://www.econbiz.de/10012006996