economic modernization

Economic modernization refers to the process by which a country updates and improves its economy through technological advancements, infrastructure development, and the adoption of modern industries. It involves shifting from traditional agriculture-based activities to a more diverse and industrialized economy, increasing productivity, innovation, and efficiency. This process often leads to higher living standards, better job opportunities, and integration into the global economy. Essentially, economic modernization helps a country grow economically in a sustainable way, adapting to changing technological and market conditions to achieve long-term development.