In this session we intend to discuss the way in which the adoption and use of technological innovations, its incorporation into the educational process, the training of workers in digital skills, and the growth of technologyintensive sectors are leading to the transformation of socioeconomic environment. Having those considerations in mind, we will provide some contributions showing how the use of the new technologies has changed the methods of production and international trade; and, in addition, how the use of social networks has transformed socioeconomic relations. The technological advances are leading to a new revolution of knowledge and technology, which has been called "the fourth revolution". In such an environment, human capital proves to be a key factor favouring labour productivity, leading to higher levels of competitiveness and economic development. As a consequence, the implications for working conditions and the complementarities and substitutability between workers and robots and artificial intelligence are changing labour relations from both an economic and a labour laws point of view. Moreover, new technologies can influence labour productivity, price differentials and therefore economic competitiveness. The adoption of new technologies has changed the production and goods exchange process and additionally has extended the global services sector market, modifying the difference between tradable and non-tradable goods. In that sense, the well-known Balassa-Samuelson effect of international trade, that explains price differentials by differences in labour productivity, should be revisited to incorporate the effects of technologies transforming productivity, price differentials, exchange rate misalignments and economic growth. Finally, we will show an example of the economic, social and technological impact of productive activities using a model of technological spill overs that measures the effect of the science, technology and innovation activities in the productive environment of firms. A case-study will be presented using data provided by the activities of a Colombian Caribbean corporation for the development of the national industry named “Cotecmar”. An overview of these questions will provide us a practical view on some of the most recent transformations of economies and society in the Digital Era, as well as their economic policy implications.