4th industrial revolution : the middle income trap, technological advancement and socio-economic development nexus

Acheampong Timothy Yaw: 4th industrial revolution : the middle income trap, technological advancement and socio-economic development nexus.

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Absztrakt (kivonat)

The Middle-Income-Trap (MIT) concept has received considerable attention among development practitioners and economists in recent times due to its associated lower socioeconomic development and negative welfare consequences such as increasing poverty and inequality in affected economies. Of the many factors proposed for breaking out of the MIT, technology has been singled out as absolutely essential, based on the hypothesis that MIT countries have lower technological development and lower socio-economic development compared to high income countries. Although the relationship between technology and socioeconomic development has been established, existing studies have not utilized the latest Global Innovation Index (GII) to examine this relationship. In the current era, the “4th Industrial Revolution” offers a higher potential for human development through rapid technological development. The Sustainable Development Goals (SDGs) also recognize innovation and technology as critical for ending all forms of poverty and inequality. As a result, there is the need to examine the MIT hypothesis by answering the question: do countries with higher levels of technological development also have higher socio-economic development? A cross-sectional research design was utilized. Quantitative analyses GII scores and selected socioeconomic indicators for 126 countries corroborate the MIT hypothesis that countries with higher innovation and technological development also have higher income levels.

Mű típusa:	Konferencia vagy workshop anyag
Rovatcím:	Innovation
Befoglaló folyóirat/kiadvány címe:	Proceedings of the Central European PhD Workshop on Technological Change and Development
Dátum:	2020
Kötet:	4
ISBN:	978-963-306-741-3
Oldalak:	pp. 190-209
Nyelv:	angol
Kiadó:	Faculty of Economics and Business Administration Doctoral School in Economics
Kiadás helye:	Szeged
Konferencia neve:	Central European PhD Workshop on Technological Change and Development
Konferencia típusa:	Konferencia
Helyszin:	Szeged
Dátum:	2019. április
Befoglaló mű URL:	https://acta.bibl.u-szeged.hu/77650/
Kulcsszavak:	Technológiai fejlődés
Szakterület:	05. Társadalomtudományok 05. Társadalomtudományok > 05.02. Közgazdasági és gazdálkodástudományok
Feltöltés dátuma:	2022. dec. 06. 10:15
Utolsó módosítás:	2022. dec. 06. 10:15
URI:	http://acta.bibl.u-szeged.hu/id/eprint/77660

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