These are radically different from the old based on standardization and mass production techniques.
New technologies are cost saving and competitive.
They are pushing the old technologies out of markets and toward obsolescence. Global markets and new technologies belong to the 21st century. They define a new escalator in the international economy. Countries that have managed to get on this escalator have gained in the international economy. Their rate of growth is high, exports larger than imports, market share increasing and industrial production profitable.