This economic current is part of a colored division and focuses on innovation in technology and industry.
The economy studies the most efficient methods to satisfy material human needs, using scarce goods. In that sense, there are different currents that aim at economic development coupled with the benefit of some sectors. Along these lines, a theory called yellow economy.
This current responds to an economic model that focuses on innovation and technology to improve productivity and optimize the industry. Yellow was chosen because it is associated with critical thinking, intelligence and knowledge.
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The yellow economy, focused on innovation and industry optimization
When we talk about optimization, what we are referring to is produce more with fewer resources, reducing costs and without affecting the quality of life of the population. At the same time, it seeks to improve competitiveness between companies.
In this sense, technology is ideal tool to incorporate new techniques, processes and machinerywith the aim of reducing costs and times, as well as increasing precision and safety.
A clear example of these advances is in areas such as agriculturein which tasks such as sowing and harvesting can be carried out with tractors equipped with GPS-guided autopilot, as well as precision drones can be used to fertilize or fumigate crops.
This competitive scheme proposed by the yellow economy poses a single problem: technology can displace workers. Therefore, it is necessary to carry out responsible practices, so that not only progress is made in the automation of processes, but also the well-being of society is taken into account.
This economic trend is practiced in the so-called smart citieswhere action plans are carried out to increase competitiveness in the sectors and positions are generated for new professional profiles.
Source: Ambito
