We are at a tipping point where technology—from software to hardware and everything in between—is weaving its way into all that we do and is about to touch every industry. Every day, we are reminded how quickly things are changing, from connected cars, to wearable devices, to manufacturing. Just look at the rapid advance in China’s economy and standard of living driven in large part by an innovative spirit unleashed in the late 1990s. 

Explain which growth theory best describes the news clip.