Question: This questions is based on the article, The pandemic could give way to an era of rapid productivity growth, (https://www.economist.com/finance-and-economics/2020/12/08/the-pandemic-could-give-way-to-an-era-of-rapid-productivity-growth) published by The Economist on
This questions is based on the article, "The pandemic could give way to an era of rapid productivity growth," (https://www.economist.com/finance-and-economics/2020/12/08/the-pandemic-could-give-way-to-an-era-of-rapid-productivity-growth) published by The Economist on December 8, 2020. "article is posted below in text!" The article discusses the prospects of long-term economic growth after the COVID-19 pandemic subsides.
(f)The article claims that the pandemic in 2020 has quickened the pace of technology adoption and may bring about a period of rapid productivity growth. What is the evidence behind the claim that the exigencies of hard times may create opportunities for rapid change in later years? What examples of such a phenomenon are mentioned? How may the process work? What roles can governments play in ensuring that the potential productivity is realized?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
