19min chapter

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AI and the Rise and Fall of Great Powers

ChinaTalk

CHAPTER

The Role of General Purpose Technologies in Economic Growth

This chapter explores the importance of productivity growth and technological advancements in sustaining long-term economic development, with a focus on China's transition to a technology-driven economy. It discusses the historical context of General Purpose Technologies (GPTs) and their transformative impact on industrialization, while highlighting the necessity for structural changes and workforce adaptability. The analysis extends to the societal and cultural challenges in adopting these technologies, emphasizing the complexities involved in maximizing their economic potential.

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