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.