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How Productivity Raises Economic Growth

How Productivity Raises Economic Growth

          
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About the Book

⦁Economic growth can becomeknowledge-based economic societyI believe that when one country is experiencing stable economic growth, it can raise knowledge -based economic society, I shall indicate reasons as below: I shall explain why and how economic growth can raise the country to become one knowledge-based economic society. Knowledge investment means that knowledge distribution is through formal and informal networks, which is essential to economic performance, knowledge -based economies which are directly based on the production, distribution and use of knowledge and information. Knowledge is increasingly being codified and transmitted through computer an communications networks in the information societ. For example, the developed countries, e.g. U.S., U.K. . They have long term stable economic growth for may years. So, they had been experiencing the knowledge-based economic developed social coutries. Their knowledge-based economic societies will provide them the enabling organizational change at the U.S., U.K. firm level to maximize the benefits to them in both manufacturing and service technology for producing sectors.The effect of "knowledge"-based economy, which will led a fuller recognition of the role of knowledge and technology in economic growth ( human technologial capital) growth to assist or encourage human development. For example, the exports of high technology industries had grown fastly for these knowledge of economic growth developed countries, e.g. Canada, U.S., U.K., Australia, Japan, New Zealand, Europe etc. developed countries.Knowledge-based economic development can also lead more intangible investments in research and development, training of the labor force, computer software and technical expertise to those above countries. So, knowledge-based economic development can lead human's talent development to create new talent human's knowledge to different technological development aspects, e.g. internet invention, 3 D printer invention, advanced medical equipment invention, space boats, nuclear energy invention, prior speed railway transportation tool invention etc. technological products. So, any one of high technological products invention which must need have good economic growth to the country, then when the country has good economic growth condition, it will have effort to train or educate talent human to attribute to knowledge -based societies to encourage or give these chance to talent human or inventors to invent any kinds of high technological products for human to use. Hence, when one country can have effort to be developed to one knowledge-based economic developed country. Then, it can have possible to provide high technological resources to educate or train " talent" humans or scientific inventors to invent any new kinds of high technological products to provide to human to use. So, in the future, oue standard of living will be improved in possible, due to economic growth causes any kinds of high technological products to be invented to provide human to use.However, I bring this question: Can economic growth bring knowledge-based economic society to lead talent human development really? I shall indicate reasons to explain whether they have relationship to lead talent human development as below: When the country has good economic growth, employers need skilled labor number will increase in the highest demand. Although, the manufacturing sector is losing jobs,


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Product Details
  • ISBN-13: 9798605071440
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 54
  • Spine Width: 4 mm
  • Width: 203 mm
  • ISBN-10: 8605071443
  • Publisher Date: 27 Jan 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 172 gr


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