Journal of Economics and Economic Education Research (Print ISSN: 1533-3590; Online ISSN: 1533-3604)

Abstract

The Relationship Between Technology and Long-Term Economic Expansion

Author(s): Patrice Budzinski

Technology has been a pivotal driver of long-term economic expansion, transforming industries, enhancing productivity, and fostering innovation. This article explores how technological advancements contribute to sustained economic growth by improving efficiency, creating new markets, and reshaping labor dynamics. It examines historical trends, the role of innovation ecosystems, and the challenges economies face in leveraging technology for inclusive growth. The discussion also highlights policy implications for maximizing the benefits of technological progress while mitigating potential disruptions.

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