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- W3043800546 abstract "In 1776, Adam Smith published The Wealth of Nations. The core thought related to economic growth was: Socio-economic development and increases in wealth rely on innovation and technological progress. We see that the history of humanity is the history of continuous development through innovation and technological progress. What do innovation and technological progress depend on? They depend on the division of labor. The more cellular division of labor is, the faster technological progress will be. The division of labor spoken of here includes the division of labor along the industry chain, and also includes regional division of labor, where different regions do different things. What determines division of labor? Market scale. The greater the scale of the market, the more cellular division of labor will be. The more cellular division of labor is, the faster technological progress will be. The faster technological progress is, the faster the economy will grow. The faster the economy grows, the higher incomes will be and the greater market scale will be. This type of cycle drives economic growth." @default.
- W3043800546 created "2020-07-23" @default.
- W3043800546 creator A5023633722 @default.
- W3043800546 date "2020-01-01" @default.
- W3043800546 modified "2023-09-24" @default.
- W3043800546 title "Entrepreneurship Depends on Culture and the Rule of Law" @default.
- W3043800546 doi "https://doi.org/10.1007/978-981-15-4304-3_10" @default.
- W3043800546 hasPublicationYear "2020" @default.
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