Technology Has Long Been Recognized To Be Crucially Important For Economic Growth And Prosperity Of Societies. The Role Of Technology In Driving The World Economy Has Magnified Manifolds Over The Last Few Decades, With The Emergence Of A New Economic, Institutional, And Technological Architecture Steering Us Towards A Truly Knowledge Driven Economy And Society. The Concept Of Technology Has Attracted The Scholarly Attention Of Economists For Over A Century, Mainly Exploring What Constitutes Technological Change, And Its Consequences For Economic Development.