New Economy Social Changing Development

<p>Technology vs. Human Behavior in Economic Change<br/>A central debate in economic theory is whether technology or human behavior is the primary catalyst for environmental change. While technology provides the tools for economic shifts (such as the Industrial Revolution or the Digital Age) it is human behavior that determines the direction and velocity of these shifts.</p><p>Technology can increase productivity but if human behavior is resistant to change or if the workforce lacks the psychological adaptability to transition to new systems the economic benefits of technology remain unrealized. Therefore technology is often viewed as an accelerant while human behavior remains the engine of economic change. As noted in New Economic Social Development the cause-and-effect relationship between behavior and growth is clear: technology creates the possibility but human choice creates the reality.</p><p><br/>&nbsp;</p>