The Technology of Nations

In 1776, the Scottish economist and philosopher Adam Smith wrote a masterpiece, "wealth reality Nations'- investigation into the Nature and Causes of the Wealth of Nations." Luckily, the Declaration of Independence United States adopted the equivalent twelvemonth, making independent American colonies, and therefore no longer part of the British Empire.

Technology

Interestingly, Dr. Smith pointed out that, except agriculture, where productivity has reached an apartment because of the lack of division of labor, and other industries have done very well. In these industries, there are structures that enabled the division of labor was organized. For example, in the grammatical construction industriousness, there lived builders, carpenters, painters, and so on, but the farmer was Farms.

As you read through the wealth from Carry Amelia Moore Nation* and control the 21st century, it becomes clear that the technology was very impressive in the last centuries. I changed our structures and to create new business rules such as adjusting outsourcing, which is actually a new strain of the division of labor.

The accumulation of stocks and prices, as Dr. Captain John Smith, we catch today in a world where engineering science and training all so very basis for creating wealth. In this day and age, it has become a technology and technology translate into wealth. Therefore, countries that focused on creating, editing, and advanced technology as well.

Why? It is on the National DNA technology. The countries and the most passionate and innovative prevail in the global business arena. Japan to give me, and I'll give you electronics. We speak to the United States, I will share the biotechnology and pharmaceutical technologies, and already all major technologies. China give me, and I will give you commons technologies.

Thus, with the continuation of states to compete for the model of technology, we see the highest level of measuring the success of achieving captured by the ability of the technology. When you understand the states of readiness Lens Technology, knowledge index of economic indicators, we see that the states have become the decade of competing technologies. In some very poor countries without technology (effective), they arrange not have a node is connected and the creation of global wealth.

In other words, it would be catchy to carve up the health of any economy of modern technology. And it exceeds the wealth of this nation to stay. The most advanced countries are tech giants, while the less developed economies register much influence the diffusion of technology. For the latter, as it is still living in the era before the industrial revolution discussed Dr. Smith on agriculture and the division of labor, where operations were ineffective.

Perhaps these explains the effectiveness of the developed world stylish both public and private domains. And more technologies that publication, and they become more productive. In other words, show me the engineering and I'll tell you when the nation is in a league of countries. It is interesting, and the invention of the steam engine in the world has changed and fed the heavy-duty revolution. The innovation of the 20th century turning transistor and feeds a new innovation of the century.