Thinking about the perpetual motion machine of economic growth, what are the missing ingredients that make some

Question:

Thinking about the perpetual motion machine of economic growth, what are the missing ingredients that make some of today’s amazing technologies fail to deliver faster economic growth?


Dear Silicon Valley: Forget flying cars, give us economic growth We have made enormous advances in computing technology. In Silicon Valley at Alphabet’s X labs, people are working on trans-formative technologies that include driver less cars, high-altitude balloons that deliver the Internet to remote regions of the world, self-navigating drones, and flying wind turbines tethered to a ground station. But despite today’s advances in technology, our economic growth rate has slowed.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

Question Posted: