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Technology And Economic Growth Close Relationship

Author Name: John Lok | Format: Paperback | Genre : Business, Investing & Management | Other Details

My insights highlight several key ways technology impacts economic development.

Firstly, it creates new products and processes, leading to innovation and market expansion .

Secondly, technology increases efficiency and lowers costs across various sectors, which can boost productivity and profitability . This is particularly evident with advanced manufacturing technologies that have altered traditional patterns of productivity and employment

Thirdly, technology helps economies evolve by enabling them to adapt to changing global demands and become more resilient .

Fourthly, my  view examines how technological advancements, including the rise of robots and artificial intelligence (AI

Fifthly, My view delves into how technology can influence human and organizational behavioral change to achieve economic benefits . My  questions whether robots can drive such changes and explores the impact of technology on organizational behavior for economic gains . 

Sixthly, my view acknowledges that technology can bring both positive and negative influences to organizational development and society . 

In essence, my opinion is that the relationship between technology and the economy is deeply intertwined with human behavior. Technology acts as a powerful force that can drive economic development, reduce costs, and reshape organizational structures. 

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John Lok

  JOHN LOK, Behavioral Economist

  I had graduated business Administration Science Degree in Common Wealth Open University. I am an author with a background in behavioral economics, explores the intricate relationship between technology and the economy through the lens of human behavior. My work, often integrating insights from psychology with traditional economic theories, aims to provide a comprehensive understanding of how these factors interact to influence economic development, organizational performance, and societal changes 

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