{"id":5229,"date":"2022-11-07T07:11:58","date_gmt":"2022-11-07T07:11:58","guid":{"rendered":"https:\/\/revista.isfin.ro\/?p=5229"},"modified":"2022-11-14T10:28:49","modified_gmt":"2022-11-14T10:28:49","slug":"digitalisation-the-invisible-hand-of-digital-economy","status":"publish","type":"post","link":"https:\/\/revista.isfin.ro\/en\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/","title":{"rendered":"Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy"},"content":{"rendered":"
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Authors: Edi-Cristian Dumitra, Iulia Maria G\u00e2ndea<\/p>

Vol. 7 \u2022 No. 13 \u2022 November 2022<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/i>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tView article PDF\t\t\t\t\t<\/a>\n\t\t\t\t<\/h6>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/i>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tView abstract PDF\t\t\t\t\t<\/a>\n\t\t\t\t<\/h6>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Abstract<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

This paper explores the way in which digitalisation might be considered the metaphor of \u2018The Invisible Hand\u2019 for the current economic environment, in which the paradigm of economics has been shifted towards a Digital economy and the transition has been accelerated by the crisis determined from the recent COVID-19 pandemic. Therefore, the mainstream of Classical economics has been replaced by digital activities based on the development of digital technologies, both as goods and services, production processes, and infrastructure. As a fast solution for recovering after the difficult period, many businesses have implemented digital technologies in their business models and strategies. Hence, the present paper collects information available from the scientific literature, creating a brief overview of digitalisation, the Digital economy, and the role of digitalisation in developing the Digital economy. Moreover, the metaphor is explained as digitalisation represents the driver for business development, achieving sustainable business strategies, implementing innovative business models for higher revenues, and reshaping the economic environment. The methodology used by the authors is the review of scientific literature relevant to the research, approaching the main ideas exposed, and exploring them for conclusions and further discussions.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Keywords:<\/strong> digitalisation, business development, Digital economy, economic paradigm, digital technologies.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

JEL Classification:<\/strong> D230, O140, O330.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

DOI:<\/strong> 10.55654\/JFS.2022.7.13.04<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t
\n\n \n\n
\n\n \n BACK<\/span>\n\n <\/div>\n <\/a>\n <\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Authors: Edi-Cristian Dumitra, Iulia Maria G\u00e2ndea Vol. 7 \u2022 No. 13 \u2022 November 2022 View article PDF View abstract PDF Abstract This paper explores the way in which digitalisation might be considered the metaphor of \u2018The Invisible Hand\u2019 for the current economic environment, in which the paradigm of economics has been shifted towards a Digital …<\/p>\n

Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy<\/span> Read More »<\/a><\/p>","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[177],"tags":[],"yoast_head":"Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy - Revista de Studii Financiare<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/revista.isfin.ro\/en\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy - Revista de Studii Financiare\" \/>\n<meta property=\"og:description\" content=\"Authors: Edi-Cristian Dumitra, Iulia Maria G\u00e2ndea Vol. 7 \u2022 No. 13 \u2022 November 2022 View article PDF View abstract PDF Abstract This paper explores the way in which digitalisation might be considered the metaphor of \u2018The Invisible Hand\u2019 for the current economic environment, in which the paradigm of economics has been shifted towards a Digital … Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/revista.isfin.ro\/en\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Revista de Studii Financiare\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-07T07:11:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-14T10:28:49+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ri_admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/revista.isfin.ro\/#website\",\"url\":\"https:\/\/revista.isfin.ro\/\",\"name\":\"Revista de Studii Financiare\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/revista.isfin.ro\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/#webpage\",\"url\":\"https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/\",\"name\":\"Digitalisation-\\u2018The Invisible Hand\\u2019 of Digital economy - Revista de Studii Financiare\",\"isPartOf\":{\"@id\":\"https:\/\/revista.isfin.ro\/#website\"},\"datePublished\":\"2022-11-07T07:11:58+00:00\",\"dateModified\":\"2022-11-14T10:28:49+00:00\",\"author\":{\"@id\":\"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c\"},\"breadcrumb\":{\"@id\":\"https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Prima pagin\\u0103\",\"item\":\"https:\/\/revista.isfin.ro\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Digitalisation-\\u2018The Invisible Hand\\u2019 of Digital economy\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c\",\"name\":\"ri_admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/revista.isfin.ro\/#personlogo\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g\",\"caption\":\"ri_admin\"},\"sameAs\":[\"http:\/\/Revista%20ISFIN\"],\"url\":\"https:\/\/revista.isfin.ro\/en\/author\/ri_admin\/\"}]}<\/script>","yoast_head_json":{"title":"Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy - Revista de Studii Financiare","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/revista.isfin.ro\/en\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/","og_locale":"en_GB","og_type":"article","og_title":"Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy - Revista de Studii Financiare","og_description":"Authors: Edi-Cristian Dumitra, Iulia Maria G\u00e2ndea Vol. 7 \u2022 No. 13 \u2022 November 2022 View article PDF View abstract PDF Abstract This paper explores the way in which digitalisation might be considered the metaphor of \u2018The Invisible Hand\u2019 for the current economic environment, in which the paradigm of economics has been shifted towards a Digital … Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy Read More »","og_url":"https:\/\/revista.isfin.ro\/en\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/","og_site_name":"Revista de Studii Financiare","article_published_time":"2022-11-07T07:11:58+00:00","article_modified_time":"2022-11-14T10:28:49+00:00","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ri_admin","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/revista.isfin.ro\/#website","url":"https:\/\/revista.isfin.ro\/","name":"Revista de Studii Financiare","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/revista.isfin.ro\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/#webpage","url":"https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/","name":"Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy - Revista de Studii Financiare","isPartOf":{"@id":"https:\/\/revista.isfin.ro\/#website"},"datePublished":"2022-11-07T07:11:58+00:00","dateModified":"2022-11-14T10:28:49+00:00","author":{"@id":"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c"},"breadcrumb":{"@id":"https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/revista.isfin.ro\/2022\/11\/07\/digitalisation-the-invisible-hand-of-digital-economy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Prima pagin\u0103","item":"https:\/\/revista.isfin.ro\/"},{"@type":"ListItem","position":2,"name":"Digitalisation-\u2018The Invisible Hand\u2019 of Digital economy"}]},{"@type":"Person","@id":"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c","name":"ri_admin","image":{"@type":"ImageObject","@id":"https:\/\/revista.isfin.ro\/#personlogo","inLanguage":"en-GB","url":"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g","caption":"ri_admin"},"sameAs":["http:\/\/Revista%20ISFIN"],"url":"https:\/\/revista.isfin.ro\/en\/author\/ri_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/5229"}],"collection":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/comments?post=5229"}],"version-history":[{"count":23,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/5229\/revisions"}],"predecessor-version":[{"id":5608,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/5229\/revisions\/5608"}],"wp:attachment":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/media?parent=5229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/categories?post=5229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/tags?post=5229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}