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Cyber-Physical Systems and the New Socio-economic Paradigm: Technology, Knowledge and Human Capital

  • Rainer MaseraEmail author
Conference paper

Abstract

The cyber-physical regime change in the world economy entails large potential benefits, but also significant risks. A “knowledge paradigm” is taking shape: technological advance and human capital are the pillars to transform economies and societies and reap the benefits of creative innovation. The paper highlights the twin concurrent revolutions of servitization and digitization, which represent key features of the new economic landscape. Significant investments in good infrastructures—broadly defined—is indispensable for sustainable and inclusive growth. In this perspective, Italy represents a negative paradigm: in the past two decades it lagged behind in terms of insufficient and inefficient infrastructure accumulation. This is a fundamental factor to explain the country’s dismal productivity performance.

Notes

Acknowledgements

Helpful comments from Franco Bassanini, Chiara Carnabuci, Guy Chetrit, Luca Einaudi, Giancarlo Mazzoni, Antonella Pisano, Christian-Andreas Schumann are gratefully acknowledged. I also thank participants to the Villa Mondragone Seminar and especially two referees for very helpful observations. All remaining errors are my exclusive responsibility.

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.School of BusinessRomeItaly

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