Technology Goes hand in hand with Advancement

There are some people who detest technology and the way it has forever changed our lives. Yes, there are some aspects that are downright annoying, but there can’t be any doubt about that in many instances our lives have been improved. Have you noticed that where the level of technical know-how is at an all time low, the pace of development is slow. I’m referring to some of the African countries where they don’t have sophisticated techniques of production and productivity levels are slow, and in some instances non-existent. Think of small businesses in these countries where many operate in remote areas. In developing countries, Internet banking is unknown, and the movement and security of money which allows a small business to grow isn’t in place.

technological development in developing countries

Nobody can deny that the information age has increased the rate of globalization and the Internet itself has made the entire world amazingly networked world. So just imagine, if you don’t have the Internet, you lose. The adoption of technology by developing countries has had a deep effect on their economies simply because it allows individuals and businesses to communication from far off.

 

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