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Technological Transformation

In: Technology and Industrial Transformation of China

Author

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  • Yanqing Jiang

    (Shanghai International Studies University)

  • Jiewei Gu

    (Shanghai International Studies University)

Abstract

This chapter discusses technological transformation and the changing of the world economic landscape. The development of technology not only provides conveniences for our social life, but also builds a bridge of communication for global information exchange and trade relations. In addition, the continuous development of the economy and the increase in trade demand also promote further development of technology. After the World War II, the world economy once dipped into a recession. If it had not been for the continuous progress of technology, the world economic order would not have been brought back again on track so promptly from the sluggish situation. In contrast, China has not kept up with previous technological revolutions, but instead the implementation of reform and opening up made China realize the importance of opening up. While actively introducing advanced technologies from developed countries in Europe and America, China also tried to innovate independently.

Suggested Citation

  • Yanqing Jiang & Jiewei Gu, 2023. "Technological Transformation," Springer Books, in: Technology and Industrial Transformation of China, chapter 0, pages 1-19, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-7458-8_1
    DOI: 10.1007/978-981-19-7458-8_1
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