Technology is a key driver of economic progress from "summary" of Theory of Economic Growth by W. Arthur Lewis
W. Arthur Lewis emphasizes the crucial role that technology plays in driving economic progress. Technological advancements have historically been the catalyst for growth and development within economies. The ability of a society to innovate and adopt new technologies directly impacts its economic performance. Innovations in technology have the power to increase productivity levels, reduce costs, and create new opportunities for businesses. As technology evolves, it enables industries to become more efficient and competitive on a global scale. This competitiveness leads to economic growth by stimulating investment, creatin...
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