The research aim of my book regarding technology and its development of the economy is to explore how technological advancements can reshape economies to become more competitive, resilient, and sustainable.Understanding the Role of Technology: This book emphasizes that technology plays a crucial role in economic growth by creating new products and processes, increasing efficiency, and lowering costs. This foundational understanding sets the stage for analyzing how these technological changes impact overall economic development.
Impact on Productivity and Employment: The book discusses how advanced manufacturing technologies have altered traditional patterns of productivity and employment. By examining case studies, Lok aims to illustrate the relationship between technological innovation and improvements in labor productivity.
Global Interdependence: Another key aspect of Lok’s research is the examination of how improved transportation technologies (both air and sea) have accelerated global trade, leading to greater interdependence among nations and firms. This interconnectedness is essential for understanding modern economic dynamics.
Trust in Economic Systems: Lok also highlights that trust is more prevalent in healthy economies that are growing and creating jobs. His research aims to identify how technology can help rebuild this trust within societies by fostering economic stability.
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