ТECHNOLOGY PATHWAYS: NATIONAL INVESTMENTS IN THE GLOBAL TECHNOLOGY GROWTH CONTEXT
Text topic: Culture and Money
Text author: Јелена Стануловић
Conventional theory of economy claims that technology and
technological development are key factors to economic growth, while
economic growth is central to capitalism and institutions created on this
ideology. In this paper, the importance of technological investments
will be re-examined for both national and global economic growth,
having in mind the notion that technological innovations depend on
the institutions of the free market system. The growth of the national
economy also depends on the employment rate. Therefore, the idea
that technological progress might devalue human labour regardless
of the level of education will also be discussed in this paper. Since
technological innovations bring changes within the actual socioeconomic system, they also bring anxiety.