Productivity and changing technology
DOI:
https://doi.org/10.26686/pq.v13i3.4677Keywords:
productivity and economic development, new technologies, New Zealand Productivity Commission, technology diffusion and resource reallocation, knowledge-based assets, fourth industrial revolution, New Zealand’s productivity weaknessAbstract
An orbital-class rocket with a 3D-printed engine launches into space from the Mähia Peninsula. A self-driving car crosses the Auckland Harbour Bridge. A pizza company begins testing delivery using airborne drones. While these may sound like things of science fiction, they are in fact stories that have been in the New Zealand media over the last year. These stories provide a glimpse of how technology is changing. Changes are not just happening around the edges but could be as disruptive to models of production as earlier industrial revolutions.
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