Technological change can lead to the development of new products and services that are in demand in other countries, increasing the demand for exported goods.

Technological change can lead to the development of new products and services that are more efficiently produced in countries that are technologically advanced, increasing their comparative advantage.

Technological change can lead to the development of new products and services that are in demand in other countries, improving the terms of trade for countries that are technologically advanced.

Technological change can lead to the development of new products and services that require skilled workers, increasing their income.

Technological change can lead to the development of new technologies that reduce pollution and improve environmental quality, but it can also lead to the development of new technologies that increase pollution and degrade environmental quality.

The development of the internet has led to a significant increase in international trade, as it has made it easier for businesses to communicate and conduct transactions with each other across borders.

The development of the cotton gin led to a significant increase in the production of cotton in the United States, giving the United States a comparative advantage in the production of cotton.

The development of the Suez Canal led to a significant reduction in the cost of transporting goods between Europe and Asia, improving the terms of trade for both Europe and Asia.

The development of the assembly line led to a significant increase in the productivity of workers, leading to higher wages for workers.

The development of the internal combustion engine led to a significant increase in the use of fossil fuels, which has contributed to environmental degradation.

Technological change can be used to promote sustainable development by developing new technologies that reduce pollution, improve energy efficiency, and promote recycling and reuse.

Managing technological change involves a number of challenges, including the need to invest in research and development, the need to address the social and economic impacts of technological change, and the need to protect intellectual property rights.

Technological change has the potential to increase economic growth, improve living standards, and address global challenges.

Governments can promote technological change by investing in research and development, providing incentives for businesses to invest in research and development, and creating a regulatory environment that encourages innovation.

Businesses can promote technological change by investing in research and development, collaborating with other businesses and research institutions, and creating a culture of innovation.