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The forward march of technology has been a constant in history. There has been more technological development in the last 100 years than all of human history put together. Technology is now moving so quickly, and in so many directions, that new markets are being created at a rapid rate. Technological development and progress continue to drive economic growth and in some cases, unleash disruptive change. Economically disruptive technologies—like the semiconductor microchip, the Internet, or steam power in the Industrial Revolution—transformed the way we live and work. They revolutionised and disrupted existing business structures, markets and society when they were invented.
Alongside this journey, different regions, such as Europe, Japan, and China, achieved or lost momentum based on their unique social structures, political decentralisation, and institutional openness.
In this deep dive we assess the long evolution of technology, the nations and civilisations that shaped it and the current state of play. We also look at the characteristics of innovation and asses the myths commonly presented as prerequisites.
