Disruptive innovations and their impact on the global economy

Abstract

This article is about the newest and most ingenious innovations in the world economy. Innovations have made their mark in all areas of business, but in the global economy innovation is one of the key drivers of growth, development and prosperity in economic indicators. The impact of disruptive innovations on the global economy can be positive, bringing economic growth, job creation and higher living standards. However, there can also be negative effects, such as disruption of traditional markets and threat to jobs. It is important to manage these innovations wisely and consider social and economic issues to maximise benefits and minimise negative impacts.