Economic singularity: the effect of innovation, or unpredictable reality

Abstract

Lately, multiple publications, strategies, policies at EU level as well as at global level are focused on the need to innovate the economy based on cutting-edge technologies and disruptive innovations. These innovations are gaining ground as they are being implemented by most large companies, as well as used at the level of states, governments in multiple aspects. The main purpose of this publication being to present the term economic singularity as an unpredictable effect that disruptive innovations can generate. The research aims to predict the situation, in the case of the spread of disruptive technologies on the economy of countries and the effects it may cause. To see the situation of the possible emergence of this uncontrolled point called economic singularity.