19min chapter

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AI and the Rise and Fall of Great Powers

ChinaTalk

CHAPTER

The Role of Technology in Economic Growth

This chapter explores the critical role that productivity growth and technological advancements play in sustaining economic growth, particularly focusing on China’s development challenges. It contrasts short-term economic policies with long-term technological changes necessary for nations to escape the middle income trap and achieve advanced economy status. Additionally, the chapter reflects on historical case studies, highlighting the importance of adapting to General Purpose Technologies and the societal challenges that accompany such transitions.

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