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Directions: Read the following passage and answer the given question. Certain words are printed in bold to help you locate them while answering the question.Technological change is recognised as one of the main drivers of long-term growth. In the coming decades, radical innovations such as mobile internet and cloud computing are likely to revolutionise production processes, particularly in developing countries.It is undebatable that technology makes production processes more efficient, thereby increasing the competitiveness of countries and reducing their vulnerability to market fluctuations. Structural change, i.e. the transition from a labour-intensive to a technology-intensive economy, drives economic upgrading. Low income countries thus acquire the necessary capabilities to catch up and reduce the gap with per capita incomes in high income countries.Catching up, unfortunately, does not occur frequently. In the last 50 years, only a few countries were successful in rapidly industrialising and achieving sustained economic growth. Technology was always a key driver in these cases and they successfully developed an advanced technology-intensive industry.Though technology is linked to sustainable growth, it is uncertain whether it can simultaneously create social inclusiveness and environmental sustainability. Technological change also requires the labour force to be prepared to use increasingly complex machinery and equipment, which widens the inequality between highly skilled and unskilled workers in terms of wage distribution. Industrialisation has historically been accompanied by increasing pollution and the depletion of natural resources. Economic growth also entails a rise in the use of inputs, materials and fossil fuels, which generate environmental pollution and degradation, especially in low income countries.From an economic point of view, globalisation and the fragmentation of production at international level have facilitated the diffusion of new technologies through the intensification of trade in sophisticated manufacturing goods. However, this diffusion of technology has in many cases not translated into concrete growth opportunities due to the lack of technological capabilities and the capacity of countries to promote innovation systems. Innovation needs to be supported by appropriate interventions that strengthen the process from technology invention to adoption by firms as was the case in benchmark countries such as China and the Republic of Korea.Even though technology and automation generally improve people's working conditions, the number of jobs may decrease as a result, with workers being replaced by machines. But, the technological change itself can mitigate this effect. New technologies also generate new markets, for example the waste and recycling industry, reduce the prices of consumer goods and provide opportunities for new investments with higher levels of profitability. Most importantly, the expansion of new technologically-intensive industries absorbs those workers who have lost their jobs to machines.Despite these positive dynamics, the current trend of technological change does not guarantee that we will follow a sustainable path in the future.Q. According to the passage, which of the following is a key benefit of adopting technology?a)It leads to better cohesion among the employees, but increases wage disparity among them.b)It makes production process more efficient, thereby raising the bar, leading to stability.c)It empowers the countries to eradicate the problem of unemployment by providing more job opportunities.d)It helps a low-income country turn into a high-income country.e)It creates environmental sustainability leading to conservation of natural resources.Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Directions: Read the following passage and answer the given question. Certain words are printed in bold to help you locate them while answering the question.Technological change is recognised as one of the main drivers of long-term growth. In the coming decades, radical innovations such as mobile internet and cloud computing are likely to revolutionise production processes, particularly in developing countries.It is undebatable that technology makes production processes more efficient, thereby increasing the competitiveness of countries and reducing their vulnerability to market fluctuations. Structural change, i.e. the transition from a labour-intensive to a technology-intensive economy, drives economic upgrading. Low income countries thus acquire the necessary capabilities to catch up and reduce the gap with per capita incomes in high income countries.Catching up, unfortunately, does not occur frequently. In the last 50 years, only a few countries were successful in rapidly industrialising and achieving sustained economic growth. Technology was always a key driver in these cases and they successfully developed an advanced technology-intensive industry.Though technology is linked to sustainable growth, it is uncertain whether it can simultaneously create social inclusiveness and environmental sustainability. Technological change also requires the labour force to be prepared to use increasingly complex machinery and equipment, which widens the inequality between highly skilled and unskilled workers in terms of wage distribution. Industrialisation has historically been accompanied by increasing pollution and the depletion of natural resources. Economic growth also entails a rise in the use of inputs, materials and fossil fuels, which generate environmental pollution and degradation, especially in low income countries.From an economic point of view, globalisation and the fragmentation of production at international level have facilitated the diffusion of new technologies through the intensification of trade in sophisticated manufacturing goods. However, this diffusion of technology has in many cases not translated into concrete growth opportunities due to the lack of technological capabilities and the capacity of countries to promote innovation systems. Innovation needs to be supported by appropriate interventions that strengthen the process from technology invention to adoption by firms as was the case in benchmark countries such as China and the Republic of Korea.Even though technology and automation generally improve people's working conditions, the number of jobs may decrease as a result, with workers being replaced by machines. But, the technological change itself can mitigate this effect. New technologies also generate new markets, for example the waste and recycling industry, reduce the prices of consumer goods and provide opportunities for new investments with higher levels of profitability. Most importantly, the expansion of new technologically-intensive industries absorbs those workers who have lost their jobs to machines.Despite these positive dynamics, the current trend of technological change does not guarantee that we will follow a sustainable path in the future.Q. According to the passage, which of the following is a key benefit of adopting technology?a)It leads to better cohesion among the employees, but increases wage disparity among them.b)It makes production process more efficient, thereby raising the bar, leading to stability.c)It empowers the countries to eradicate the problem of unemployment by providing more job opportunities.d)It helps a low-income country turn into a high-income country.e)It creates environmental sustainability leading to conservation of natural resources.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage and answer the given question. Certain words are printed in bold to help you locate them while answering the question.Technological change is recognised as one of the main drivers of long-term growth. In the coming decades, radical innovations such as mobile internet and cloud computing are likely to revolutionise production processes, particularly in developing countries.It is undebatable that technology makes production processes more efficient, thereby increasing the competitiveness of countries and reducing their vulnerability to market fluctuations. Structural change, i.e. the transition from a labour-intensive to a technology-intensive economy, drives economic upgrading. Low income countries thus acquire the necessary capabilities to catch up and reduce the gap with per capita incomes in high income countries.Catching up, unfortunately, does not occur frequently. In the last 50 years, only a few countries were successful in rapidly industrialising and achieving sustained economic growth. Technology was always a key driver in these cases and they successfully developed an advanced technology-intensive industry.Though technology is linked to sustainable growth, it is uncertain whether it can simultaneously create social inclusiveness and environmental sustainability. Technological change also requires the labour force to be prepared to use increasingly complex machinery and equipment, which widens the inequality between highly skilled and unskilled workers in terms of wage distribution. Industrialisation has historically been accompanied by increasing pollution and the depletion of natural resources. Economic growth also entails a rise in the use of inputs, materials and fossil fuels, which generate environmental pollution and degradation, especially in low income countries.From an economic point of view, globalisation and the fragmentation of production at international level have facilitated the diffusion of new technologies through the intensification of trade in sophisticated manufacturing goods. However, this diffusion of technology has in many cases not translated into concrete growth opportunities due to the lack of technological capabilities and the capacity of countries to promote innovation systems. Innovation needs to be supported by appropriate interventions that strengthen the process from technology invention to adoption by firms as was the case in benchmark countries such as China and the Republic of Korea.Even though technology and automation generally improve people's working conditions, the number of jobs may decrease as a result, with workers being replaced by machines. But, the technological change itself can mitigate this effect. New technologies also generate new markets, for example the waste and recycling industry, reduce the prices of consumer goods and provide opportunities for new investments with higher levels of profitability. Most importantly, the expansion of new technologically-intensive industries absorbs those workers who have lost their jobs to machines.Despite these positive dynamics, the current trend of technological change does not guarantee that we will follow a sustainable path in the future.Q. According to the passage, which of the following is a key benefit of adopting technology?a)It leads to better cohesion among the employees, but increases wage disparity among them.b)It makes production process more efficient, thereby raising the bar, leading to stability.c)It empowers the countries to eradicate the problem of unemployment by providing more job opportunities.d)It helps a low-income country turn into a high-income country.e)It creates environmental sustainability leading to conservation of natural resources.Correct answer is option 'B'. Can you explain this answer?.

Solutions for Directions: Read the following passage and answer the given question. Certain words are printed in bold to help you locate them while answering the question.Technological change is recognised as one of the main drivers of long-term growth. In the coming decades, radical innovations such as mobile internet and cloud computing are likely to revolutionise production processes, particularly in developing countries.It is undebatable that technology makes production processes more efficient, thereby increasing the competitiveness of countries and reducing their vulnerability to market fluctuations. Structural change, i.e. the transition from a labour-intensive to a technology-intensive economy, drives economic upgrading. Low income countries thus acquire the necessary capabilities to catch up and reduce the gap with per capita incomes in high income countries.Catching up, unfortunately, does not occur frequently. In the last 50 years, only a few countries were successful in rapidly industrialising and achieving sustained economic growth. Technology was always a key driver in these cases and they successfully developed an advanced technology-intensive industry.Though technology is linked to sustainable growth, it is uncertain whether it can simultaneously create social inclusiveness and environmental sustainability. Technological change also requires the labour force to be prepared to use increasingly complex machinery and equipment, which widens the inequality between highly skilled and unskilled workers in terms of wage distribution. Industrialisation has historically been accompanied by increasing pollution and the depletion of natural resources. Economic growth also entails a rise in the use of inputs, materials and fossil fuels, which generate environmental pollution and degradation, especially in low income countries.From an economic point of view, globalisation and the fragmentation of production at international level have facilitated the diffusion of new technologies through the intensification of trade in sophisticated manufacturing goods. However, this diffusion of technology has in many cases not translated into concrete growth opportunities due to the lack of technological capabilities and the capacity of countries to promote innovation systems. Innovation needs to be supported by appropriate interventions that strengthen the process from technology invention to adoption by firms as was the case in benchmark countries such as China and the Republic of Korea.Even though technology and automation generally improve people's working conditions, the number of jobs may decrease as a result, with workers being replaced by machines. But, the technological change itself can mitigate this effect. New technologies also generate new markets, for example the waste and recycling industry, reduce the prices of consumer goods and provide opportunities for new investments with higher levels of profitability. Most importantly, the expansion of new technologically-intensive industries absorbs those workers who have lost their jobs to machines.Despite these positive dynamics, the current trend of technological change does not guarantee that we will follow a sustainable path in the future.Q. According to the passage, which of the following is a key benefit of adopting technology?a)It leads to better cohesion among the employees, but increases wage disparity among them.b)It makes production process more efficient, thereby raising the bar, leading to stability.c)It empowers the countries to eradicate the problem of unemployment by providing more job opportunities.d)It helps a low-income country turn into a high-income country.e)It creates environmental sustainability leading to conservation of natural resources.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of Directions: Read the following passage and answer the given question. Certain words are printed in bold to help you locate them while answering the question.Technological change is recognised as one of the main drivers of long-term growth. In the coming decades, radical innovations such as mobile internet and cloud computing are likely to revolutionise production processes, particularly in developing countries.It is undebatable that technology makes production processes more efficient, thereby increasing the competitiveness of countries and reducing their vulnerability to market fluctuations. Structural change, i.e. the transition from a labour-intensive to a technology-intensive economy, drives economic upgrading. Low income countries thus acquire the necessary capabilities to catch up and reduce the gap with per capita incomes in high income countries.Catching up, unfortunately, does not occur frequently. In the last 50 years, only a few countries were successful in rapidly industrialising and achieving sustained economic growth. Technology was always a key driver in these cases and they successfully developed an advanced technology-intensive industry.Though technology is linked to sustainable growth, it is uncertain whether it can simultaneously create social inclusiveness and environmental sustainability. Technological change also requires the labour force to be prepared to use increasingly complex machinery and equipment, which widens the inequality between highly skilled and unskilled workers in terms of wage distribution. Industrialisation has historically been accompanied by increasing pollution and the depletion of natural resources. Economic growth also entails a rise in the use of inputs, materials and fossil fuels, which generate environmental pollution and degradation, especially in low income countries.From an economic point of view, globalisation and the fragmentation of production at international level have facilitated the diffusion of new technologies through the intensification of trade in sophisticated manufacturing goods. However, this diffusion of technology has in many cases not translated into concrete growth opportunities due to the lack of technological capabilities and the capacity of countries to promote innovation systems. Innovation needs to be supported by appropriate interventions that strengthen the process from technology invention to adoption by firms as was the case in benchmark countries such as China and the Republic of Korea.Even though technology and automation generally improve people's working conditions, the number of jobs may decrease as a result, with workers being replaced by machines. But, the technological change itself can mitigate this effect. New technologies also generate new markets, for example the waste and recycling industry, reduce the prices of consumer goods and provide opportunities for new investments with higher levels of profitability. Most importantly, the expansion of new technologically-intensive industries absorbs those workers who have lost their jobs to machines.Despite these positive dynamics, the current trend of technological change does not guarantee that we will follow a sustainable path in the future.Q. According to the passage, which of the following is a key benefit of adopting technology?a)It leads to better cohesion among the employees, but increases wage disparity among them.b)It makes production process more efficient, thereby raising the bar, leading to stability.c)It empowers the countries to eradicate the problem of unemployment by providing more job opportunities.d)It helps a low-income country turn into a high-income country.e)It creates environmental sustainability leading to conservation of natural resources.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage and answer the given question. Certain words are printed in bold to help you locate them while answering the question.Technological change is recognised as one of the main drivers of long-term growth. In the coming decades, radical innovations such as mobile internet and cloud computing are likely to revolutionise production processes, particularly in developing countries.It is undebatable that technology makes production processes more efficient, thereby increasing the competitiveness of countries and reducing their vulnerability to market fluctuations. Structural change, i.e. the transition from a labour-intensive to a technology-intensive economy, drives economic upgrading. Low income countries thus acquire the necessary capabilities to catch up and reduce the gap with per capita incomes in high income countries.Catching up, unfortunately, does not occur frequently. In the last 50 years, only a few countries were successful in rapidly industrialising and achieving sustained economic growth. Technology was always a key driver in these cases and they successfully developed an advanced technology-intensive industry.Though technology is linked to sustainable growth, it is uncertain whether it can simultaneously create social inclusiveness and environmental sustainability. Technological change also requires the labour force to be prepared to use increasingly complex machinery and equipment, which widens the inequality between highly skilled and unskilled workers in terms of wage distribution. Industrialisation has historically been accompanied by increasing pollution and the depletion of natural resources. Economic growth also entails a rise in the use of inputs, materials and fossil fuels, which generate environmental pollution and degradation, especially in low income countries.From an economic point of view, globalisation and the fragmentation of production at international level have facilitated the diffusion of new technologies through the intensification of trade in sophisticated manufacturing goods. However, this diffusion of technology has in many cases not translated into concrete growth opportunities due to the lack of technological capabilities and the capacity of countries to promote innovation systems. Innovation needs to be supported by appropriate interventions that strengthen the process from technology invention to adoption by firms as was the case in benchmark countries such as China and the Republic of Korea.Even though technology and automation generally improve people's working conditions, the number of jobs may decrease as a result, with workers being replaced by machines. But, the technological change itself can mitigate this effect. New technologies also generate new markets, for example the waste and recycling industry, reduce the prices of consumer goods and provide opportunities for new investments with higher levels of profitability. Most importantly, the expansion of new technologically-intensive industries absorbs those workers who have lost their jobs to machines.Despite these positive dynamics, the current trend of technological change does not guarantee that we will follow a sustainable path in the future.Q. According to the passage, which of the following is a key benefit of adopting technology?a)It leads to better cohesion among the employees, but increases wage disparity among them.b)It makes production process more efficient, thereby raising the bar, leading to stability.c)It empowers the countries to eradicate the problem of unemployment by providing more job opportunities.d)It helps a low-income country turn into a high-income country.e)It creates environmental sustainability leading to conservation of natural resources.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Read the following passage and answer the given question. Certain words are printed in bold to help you locate them while answering the question.Technological change is recognised as one of the main drivers of long-term growth. In the coming decades, radical innovations such as mobile internet and cloud computing are likely to revolutionise production processes, particularly in developing countries.It is undebatable that technology makes production processes more efficient, thereby increasing the competitiveness of countries and reducing their vulnerability to market fluctuations. Structural change, i.e. the transition from a labour-intensive to a technology-intensive economy, drives economic upgrading. Low income countries thus acquire the necessary capabilities to catch up and reduce the gap with per capita incomes in high income countries.Catching up, unfortunately, does not occur frequently. In the last 50 years, only a few countries were successful in rapidly industrialising and achieving sustained economic growth. Technology was always a key driver in these cases and they successfully developed an advanced technology-intensive industry.Though technology is linked to sustainable growth, it is uncertain whether it can simultaneously create social inclusiveness and environmental sustainability. Technological change also requires the labour force to be prepared to use increasingly complex machinery and equipment, which widens the inequality between highly skilled and unskilled workers in terms of wage distribution. Industrialisation has historically been accompanied by increasing pollution and the depletion of natural resources. Economic growth also entails a rise in the use of inputs, materials and fossil fuels, which generate environmental pollution and degradation, especially in low income countries.From an economic point of view, globalisation and the fragmentation of production at international level have facilitated the diffusion of new technologies through the intensification of trade in sophisticated manufacturing goods. However, this diffusion of technology has in many cases not translated into concrete growth opportunities due to the lack of technological capabilities and the capacity of countries to promote innovation systems. Innovation needs to be supported by appropriate interventions that strengthen the process from technology invention to adoption by firms as was the case in benchmark countries such as China and the Republic of Korea.Even though technology and automation generally improve people's working conditions, the number of jobs may decrease as a result, with workers being replaced by machines. But, the technological change itself can mitigate this effect. New technologies also generate new markets, for example the waste and recycling industry, reduce the prices of consumer goods and provide opportunities for new investments with higher levels of profitability. Most importantly, the expansion of new technologically-intensive industries absorbs those workers who have lost their jobs to machines.Despite these positive dynamics, the current trend of technological change does not guarantee that we will follow a sustainable path in the future.Q. According to the passage, which of the following is a key benefit of adopting technology?a)It leads to better cohesion among the employees, but increases wage disparity among them.b)It makes production process more efficient, thereby raising the bar, leading to stability.c)It empowers the countries to eradicate the problem of unemployment by providing more job opportunities.d)It helps a low-income country turn into a high-income country.e)It creates environmental sustainability leading to conservation of natural resources.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage and answer the given question. Certain words are printed in bold to help you locate them while answering the question.Technological change is recognised as one of the main drivers of long-term growth. In the coming decades, radical innovations such as mobile internet and cloud computing are likely to revolutionise production processes, particularly in developing countries.It is undebatable that technology makes production processes more efficient, thereby increasing the competitiveness of countries and reducing their vulnerability to market fluctuations. Structural change, i.e. the transition from a labour-intensive to a technology-intensive economy, drives economic upgrading. Low income countries thus acquire the necessary capabilities to catch up and reduce the gap with per capita incomes in high income countries.Catching up, unfortunately, does not occur frequently. In the last 50 years, only a few countries were successful in rapidly industrialising and achieving sustained economic growth. Technology was always a key driver in these cases and they successfully developed an advanced technology-intensive industry.Though technology is linked to sustainable growth, it is uncertain whether it can simultaneously create social inclusiveness and environmental sustainability. Technological change also requires the labour force to be prepared to use increasingly complex machinery and equipment, which widens the inequality between highly skilled and unskilled workers in terms of wage distribution. Industrialisation has historically been accompanied by increasing pollution and the depletion of natural resources. Economic growth also entails a rise in the use of inputs, materials and fossil fuels, which generate environmental pollution and degradation, especially in low income countries.From an economic point of view, globalisation and the fragmentation of production at international level have facilitated the diffusion of new technologies through the intensification of trade in sophisticated manufacturing goods. However, this diffusion of technology has in many cases not translated into concrete growth opportunities due to the lack of technological capabilities and the capacity of countries to promote innovation systems. Innovation needs to be supported by appropriate interventions that strengthen the process from technology invention to adoption by firms as was the case in benchmark countries such as China and the Republic of Korea.Even though technology and automation generally improve people's working conditions, the number of jobs may decrease as a result, with workers being replaced by machines. But, the technological change itself can mitigate this effect. New technologies also generate new markets, for example the waste and recycling industry, reduce the prices of consumer goods and provide opportunities for new investments with higher levels of profitability. Most importantly, the expansion of new technologically-intensive industries absorbs those workers who have lost their jobs to machines.Despite these positive dynamics, the current trend of technological change does not guarantee that we will follow a sustainable path in the future.Q. According to the passage, which of the following is a key benefit of adopting technology?a)It leads to better cohesion among the employees, but increases wage disparity among them.b)It makes production process more efficient, thereby raising the bar, leading to stability.c)It empowers the countries to eradicate the problem of unemployment by providing more job opportunities.d)It helps a low-income country turn into a high-income country.e)It creates environmental sustainability leading to conservation of natural resources.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage and answer the given question. Certain words are printed in bold to help you locate them while answering the question.Technological change is recognised as one of the main drivers of long-term growth. In the coming decades, radical innovations such as mobile internet and cloud computing are likely to revolutionise production processes, particularly in developing countries.It is undebatable that technology makes production processes more efficient, thereby increasing the competitiveness of countries and reducing their vulnerability to market fluctuations. Structural change, i.e. the transition from a labour-intensive to a technology-intensive economy, drives economic upgrading. Low income countries thus acquire the necessary capabilities to catch up and reduce the gap with per capita incomes in high income countries.Catching up, unfortunately, does not occur frequently. In the last 50 years, only a few countries were successful in rapidly industrialising and achieving sustained economic growth. Technology was always a key driver in these cases and they successfully developed an advanced technology-intensive industry.Though technology is linked to sustainable growth, it is uncertain whether it can simultaneously create social inclusiveness and environmental sustainability. Technological change also requires the labour force to be prepared to use increasingly complex machinery and equipment, which widens the inequality between highly skilled and unskilled workers in terms of wage distribution. Industrialisation has historically been accompanied by increasing pollution and the depletion of natural resources. Economic growth also entails a rise in the use of inputs, materials and fossil fuels, which generate environmental pollution and degradation, especially in low income countries.From an economic point of view, globalisation and the fragmentation of production at international level have facilitated the diffusion of new technologies through the intensification of trade in sophisticated manufacturing goods. However, this diffusion of technology has in many cases not translated into concrete growth opportunities due to the lack of technological capabilities and the capacity of countries to promote innovation systems. Innovation needs to be supported by appropriate interventions that strengthen the process from technology invention to adoption by firms as was the case in benchmark countries such as China and the Republic of Korea.Even though technology and automation generally improve people's working conditions, the number of jobs may decrease as a result, with workers being replaced by machines. But, the technological change itself can mitigate this effect. New technologies also generate new markets, for example the waste and recycling industry, reduce the prices of consumer goods and provide opportunities for new investments with higher levels of profitability. Most importantly, the expansion of new technologically-intensive industries absorbs those workers who have lost their jobs to machines.Despite these positive dynamics, the current trend of technological change does not guarantee that we will follow a sustainable path in the future.Q. According to the passage, which of the following is a key benefit of adopting technology?a)It leads to better cohesion among the employees, but increases wage disparity among them.b)It makes production process more efficient, thereby raising the bar, leading to stability.c)It empowers the countries to eradicate the problem of unemployment by providing more job opportunities.d)It helps a low-income country turn into a high-income country.e)It creates environmental sustainability leading to conservation of natural resources.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.