Tue. Mar 4th, 2025

Relation between Economic and Technology

 Roshan Rupakheti

roshan-rupakheri

Developing countries in the early 21st century now look to technology to similarly increase efficiency of production and diversify industrial output so as to reduce reliance on primary industries and just a few products. New technology also may help to increase the health of the nation, boost educational facilities and enhance transport and communications, and developing countries see a close link between technology and economic development.

The achievement of sustainable development requires careful use of sustainable technology so as to avoid the damaging effects to health and the environment that accompanied the introduction of technology and economic development in Europe and North America. Sustainable development requires the use of green technologies and careful planning for employee welfare to avoid detrimental effects to the standard of living and the inequality between rich and poor. Conventional economic measures such as gross domestic product (GDP) do not take into account these adverse consequences of growth, and countries may prefer to use a measure such as the United Nations Development Programme’s Human Development Index (HDI). The HDI takes into account life expectancy, access to education and the standard of living of the population. These may be brought about by the use of technology and pursuit of economic growth, though care is typically necessary to ensure the technology doesn’t do more harm than good.

So we should give more attention to improve technology to make good economy condition of nation.

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now : Voronezh Russia

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