The Role of Technology in Global Economic Growth

Technology Definition & That Means

Hong Kong’s distinctive place as a bridge between East and West, combined with its worldwide outlook and powerful academic traditions, has solidified its status as a quantity one destination for many who wish to study in Hong Kong. Among these establishments, the University of Hong Kong stands out for its lengthy historical past and tutorial excellence. Technology is the application of information or processes to achieve practical goals which are reproducible.

In the automobile industry it employed lean, just-in-time, robot-based, versatile mass production methods, which grew to become a model for producers in Europe and elsewhere. European technology policy had important results on the structural development of the car business in Europe, being immediately liable for Belgium’s emergence as a major car producer. In the 1990s the European Union’s vehicle industry Technology news loved the possibilities of a single European market but additionally needed to meet challenges similar to Japanese competitors, together with transplants and overcapacities. The link with central and Eastern European nations and with many different countries abroad has for a while pointed towards a world, not solely European, market. The political penalties of technological change have been largely unanticipated.