Answer to Question #229174 in Microeconomics for Promise

Question

Given that much of south african's economic activities is based on natural resources, do you think the country is ready to make the shift to a more technologically driven production process

Answer 1

The country is ready to shift to a more technologically driven process of production because more advanced technology has to be employed in order to maximumly utilize the available natural resources. The country has a big advantage of being a leader in deployment of several emerging technologies which have helped in keeping it at the innovative edge and also taking digital transparency measures.