Economic Computation and Economic Cybernetics Studies and Research, Vol. 59, Issue 1/2025
Carmen-Valentina RĂDULESCU, PhD (corresponding author)
carmen-valentina.radulescu@eam.ase.ro
Bucharest University of Economic Studies, Bucharest, Romania
Ioan I. GÂF-DEAC, PhD
gafdeac@ince.ro
INCE C. Kiritescu / Romanian Academy, Bucharest, Romania
Florina BRAN, PhD
florina.bran@eam.ase.ro
Bucharest University of Economic Studies, Bucharest, Romania
Camelia IACOB (PÂRGARU), PhD
oana_camelia.iacob@upb.ro
University POLITEHNICA of Bucharest, Bucharest, Romania
Sorin BURLACU, PhD
sburlacu@amp.ase.ro
Bucharest University of Economic Studies, Bucharest, Romania
Dumitru Alexandru BODISLAV, PhD
alex.bodislav@ase.ro
Bucharest University of Economic Studies, Bucharest, Romania
Ovidiu Cristian Andrei BUZOIANU, PhD
ovidiu.buzoianu@man.ase.ro
Bucharest University of Economic Studies, Bucharest, Romania
Cybernetic Contributions of Artificial Intelligence to Economic Development in Romania
Abstract.
The purpose of the article is to identify the economic development alignments of Romania using AI in a cyber regime, with influences on modern economic growth. The main contribution of the article is to research the perspective of using AI for economic development, with the case study of the Romanian economy. In this way, we arrive at the understanding of the interdisciplinary complexity of AI applied in the process of economic development. The process of cybernetisation of the current level of management in the Romanian economy and reaching the higher integrated level using AI is analysed. The answers received through the interview regarding the role, position, and future of AI are extensively interpreted, respectively, the data obtained from the survey is used and processed.
Through the theoretical and practical results obtained from the research, it is concluded that the developers of strategies, tactics, and programmes, decision-makers and practitioners have a decisive role in the introduction and use of AI in the modern economic development of Romania. Embedding AI across sectors can bring significant benefits to the economy, but it is important that it is carefully managed and implemented to maximise benefits and minimise potential risks and challenges. Automating repetitive processes, reducing costs, increasing efficiency, advanced data analysis, operating with IT decisions, identifying forecasts and trends, risk management, cyber security, and improving strategic decisions, all reach new achievements in the development of the new economy in Romania. The article concludes that Artificial Intelligence (AI) offers competitive advantages and solutions for the economy. AI can help improve business operations, increase efficiency and maximise profits.
Keywords:
Artificial Intelligence, economic development, ultra-compact economic space, the rise to ultra-power.
JEL Classification: A12, C53, C81, F63, O11.
Carmen-Valentina Rădulescu, Ioan I. Gâf-Deac, Florina Bran, Camelia Iacob (Pârgaru), Sorin Burlacu, Dumitru Alexandru Bodislav, Ovidiu Cristian Andrei Buzoianu, – Cybernetic Contributions of Artificial Intelligence to Economic Development in Romania, Economic Computation and Economic Cybernetics Studies and Research, ASE Bucharest, Vol. 59, Issue 1/2025, pp. 138-155, DOI: 10.24818/18423264/59.1.25.09, https://ecocyb.ase.ro/Articles2025_1.htm
