DIGITAL TEHNOLOGIES. AN OVERVIEW OF CURRENT
                   EVOLUTIONS AND IMPACT

                                    Claudia Ionescu, PhD
                           Academy of Economic Studies of Bucharest

                                     Vasile Dumitraş,
                                 Romanian Court of Accounts


ABSTRACT: Various observers describe today's global economy as one in transition to a
knowledge economy, as an extension of an information society. The transition requires that
the rules and practices that determined success in the industrial economy need rewriting in an
interconnected, globalized economy where knowledge resources such as know-how and
expertise are as critical as other economic resources. According to analysts of the knowledge
economy, these rules need to be rewritten at the levels of firms and industries in terms of
knowledge management and at the level of public policy as knowledge policy or knowledge-
related policy.
        The digital and ICT revolutions are twin revolutions. Information and
communications technology (ICT) refers to a broad field encompassing computers,
communications equipment and the services associated with them. It includes the telephone,
cellular networks, satellite communication, broadcasting media and other forms of
communication.

Keywords: digital revolutions, communication equipment, broadcasting media

JEL Codes: O31, E01, O33