The Prospect of Global Economic Growth and Cooperation: The Economic Outlook After Crises

Every government should be able to catch up with modern technology and science. Since the first industrial revolution (first interviews in the 18th century in the United Kingdom), economic growth has depended so much on the capacity of states and nations to extract and harness natural resources, the capacity to innovate, the ability to produce, and the capacity to catch up with modern technology, as well as the ability to dominate the markets and the supply chains. Japan became the first industrialized country in Asia because of its ability to adopt Western technologies after and before the Second World War. China has had continuous growth for the last four decades and has become the world's largest economy because government policy has prioritized technology and science. The main factors of economic growth are technology, science, innovation, scientific research, manufacturing, productivity, and the ability to dominate markets. Therefore, the government and policymakers must be ready to adopt modern technology and science

Author: James Liew Tze Vun

Publisher: Independently Published

Publication Date: Feb 23, 2023

Number of Pages: 156 pages

Binding: Paperback or Softback

ISBN-10: NA

ISBN-13: 9798378692477