Three economists have been awarded this year’s Nobel Prize in Economics for their groundbreaking research on how innovation and technological advancement drive long-term economic growth. The Nobel Committee said their work has helped deepen understanding of how countries achieve sustainable development through investments in education, technology, and creativity.
According to the committee, the researchers demonstrated that encouraging companies and industries to innovate can boost productivity, create jobs, and strengthen economies. Their findings are especially relevant today, as nations face global challenges such as climate change and resource scarcity.