This indicator measures the share of manufactured exports that are classified as high-technology products, which typically include sectors characterized by significant research and development investments, such as aerospace, advanced electronics, pharmaceuticals, and precision instruments. This metric is pivotal for understanding a
country's competitive edge in the global market, as it reflects not only the capacity for innovation but also the adaptability of its industry to technological advancements. Furthermore, a higher percentage signifies a nation’s
emphasis on developing knowledge-based industries, which are inherently linked to economic growth, job creation, and enhanced productivity. Monitoring this share helps policymakers gauge the effectiveness of their strategies to foster innovation and maintain a strong position in the rapidly evolving global economy.
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