Chapter 3 Disruptors or Just Progress

Disruption is part of life; little to no innovation or economic progress happens without it. In this century much of the economic innovation has come from digitally driven computing technology. This has been utilized to make new products and revolutionize various processes and services.

It is difficult to predict and track all of the various disruptions that have been occurring in the economy in recent decades. Most of these developments help make the overall economy more efficient and more flexible. This should allow for longer periods of expansion. However, it will also lead to more distress and distortions within selected regions, industries, and corporations.

One of the reasons for the dramatic impact ...

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