<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>In today's rapidly evolving technological era, high-tech trade is not just a part of international commerce but a key factor that shapes the economic landscapes of nations. The objective of this paper is to analyze how technological innovation, as represented by high-tech exports, contributes to economic growth and to identify the disparities in economic progress among countries with different levels of integration into the global high-tech market. This paper focuses on the importance of high-technology trade in economic development. Specifically, it aims to establish a connection between technology-intensive exports and Gross Domestic Product in three major global economies: China, the United States, and the European Union. The study's empirical evidence strongly supports a notable association between high-technology exports and the growth of gross domestic product, thereby reaffirming the crucial role of technological trade in enhancing economic development. Furthermore, the analysis provides additional insight by highlighting those economies with extensive involvement in the global high-technology market experience superior economic growth. This underscores the vital significance of technological innovation and trade integration in attaining a competitive advantage in the global economic landscape. This study adds to the existing literature by providing empirical evidence of the economic consequences of technology trade, highlighting the need for policy frameworks that encourage innovation and integration into the global high-technology market.</p>
</abstract>

In today's rapidly evolving technological era, high-tech trade is not just a part of international commerce but a key factor that shapes the economic landscapes of nations. The objective of this paper is to analyze how technological innovation, as represented by high-tech exports, contributes to economic growth and to identify the disparities in economic progress among countries with different levels of integration into the global high-tech market. This paper focuses on the importance of high-technology trade in economic development. Specifically, it aims to establish a connection between technology-intensive exports and Gross Domestic Product in three major global economies: China, the United States, and the European Union. The study's empirical evidence strongly supports a notable association between high-technology exports and the growth of gross domestic product, thereby reaffirming the crucial role of technological trade in enhancing economic development. Furthermore, the analysis provides additional insight by highlighting those economies with extensive involvement in the global high-technology market experience superior economic growth. This underscores the vital significance of technological innovation and trade integration in attaining a competitive advantage in the global economic landscape. This study adds to the existing literature by providing empirical evidence of the economic consequences of technology trade, highlighting the need for policy frameworks that encourage innovation and integration into the global high-technology market.

Unveiling the Economic Impact of Technology Trade in Leading Global Economies

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Unveiling the Economic Impact of Technology Trade in Leading Global Economies"}

In today's rapidly evolving technological era, high-tech trade is not just a part of international commerce but a key factor that shapes the economic...

Unveiling the Economic Impact of Technology Trade in Leading Global Economies

Data publikacji: 03 lip 2024

Zakres stron: 2706 - 2718

DOI: https://doi.org/10.2478/picbe-2024-0226

Słowa kluczowe
high-technology trade, economic growth, international commerce, innovation, global market

© 2024 Maxim Cetulean et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Unveiling the Economic Impact of Technology Trade in Leading Global Economies

Data publikacji: 03 lip 2024

Zakres stron: 2706 - 2718

DOI: https://doi.org/10.2478/picbe-2024-0226

Słowa kluczowehigh-technology trade, economic growth, international commerce, innovation, global market

© 2024 Maxim Cetulean et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Słowa kluczowe
high-technology trade, economic growth, international commerce, innovation, global market