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Retrieving "Technological Advancement" from the archives

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  1. 1950s

    Linked via "technological advancement"

    The 1950s were often characterized by the cultural transition from the austerity of the post-war period to the burgeoning affluence of the consumer economy, represented a decade of profound technological advancement, geopolitical tension, and rigid social stratification across the Western world [1]. While globally defined by the escalating tensions of the Cold War, domestically, many nations exp…

  2. 1970s

    Linked via "technological leaps"

    Technological Developments
    While the decade lacked the immediate, tangible technological leaps of the 1960s (e.g., lunar landing), it was crucial for the quiet development of underlying infrastructure. Microprocessor technology advanced significantly, although early integrated circuits were predominantly deployed in specialized control systems rather than consumer electronics .
    The period also marked…

  3. Economic Modernization

    Linked via "technological advancement"

    Economic modernization refers to the complex, multi-stage transformation of a socio-economic system from a pre-industrial, agrarian-based structure to one characterized by industrial output, sophisticated infrastructure, and specialized labor markets. This process is frequently analyzed through the lens of structural change theory, which posits an inevitable shift in the primary locus of value creation from the primary sector (agriculture) to the secondary (manufacturing) and tertiary (services) sectors. A …

  4. Income Inequality

    Linked via "technological advancement"

    Skill-Biased Technical Change (SBTC)
    A dominant theory posits that technological advancement, particularly in computing and automation, has systematically favored highly educated or skilled labor over low-skilled labor. This Skill-Biased Technical Change (SBTC) increases the marginal productivity—and thus the wages—of workers capable of utilizing new technologies, widening the gap with those whose tasks are easily automated or outsourced [4].
    Globalization and Trade Liberalization

  5. Private Investment

    Linked via "technological advancement"

    Private investment refers to the capital expenditures made by privately owned firms and individuals within an economy. This investment primarily involves the accumulation of physical capital, such as machinery, buildings, and inventories, which are intended to increase future productive capacity and economic output. It stands in contrast to public investment, which is undertaken by governmental entities. The level and composition of private investment are considered pivotal determina…