The Role of Technology in Macroeconomics and How to Solve Macroeconomic Problems

Abstract

Technology plays an important role in macroeconomics by increasing productivity, driving innovation, and expanding access to markets. In the digital age, technology has changed the way businesses operate, enabling companies to automate processes, improve efficiency and reach global markets. It has also created new jobs and provided work flexibility. However, technology can also pose macroeconomic problems if not managed properly. Therefore, governments and businesses need to adopt appropriate strategies to address such issues and utilize technology to improve economic growth and people's welfare. In the process of overall and sustainable economic development, macroeconomic stability of a country is an important prerequisite for generating quality economic growth. To achieve quality economic growth, it is necessary to invest in sustainable human capital and sustainable utilization of science and technology (IPTEK). The process of economic development will be able to change the condition of society from a vicious circle to a virtuous circle if economic growth is of high quality.