Technology And Economic Growth Close Relationship

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Technology can help reshape economies to be more competitive, resilient and sustainable. It also plays a key role in rebuilding trust in society. Trust is more widespread in economies that are healthy, growing and creating jobs. Moreover, advanced manufacturing technologies have altered long-standing patterns of productivity and employment. Improved air and sea transportation has greatly accelerated the worldwide flow of people and goods. All this has both created and mandated greater interdependence among firms and nations. Some ways technological change has impacted society include: Creates new products and processes. Increases efficiency and lowers cost. Helps economies evolve.

IN my this, I shall indicates cases studies to explain whether what will be future new kinds of technology to influence global economic development in possible.