What is the relationship between Ict and economic development?
Information and Communication Technology (ICT) plays a role in the general development of modern nations. The relationship between Ict and economic development is the fact that ICT serves as a facilitator for economic development. This means that the opportunities offered can be used to develop economies. The ongoing process of globalization makes it necessary for different countries to look for ways that they can apply dividends of globalization to the development of countries as the whole and the economy in enlargement. ITC is important for regions because it helps with education of people and marketing, research and promotion of businesses.
globalization has opened new boundaries for socialization, trading, education and other forms of socio-economic relations. One of the main driving forces of globalization, except for easy transport, is Ict. The ability to communicate with other people in real time through tools such as telepons and the Internet effectively reduced the range of the world to a better manageable dimension. This means that people do not have to be in their different interactions with peopleFrom other corners of the world to worry about distance. As a result, it is in connection with Ict and economic development that people can exchange mutually beneficial information on the best processes and methods of economic development.
Education is one of the main prerequisites for the general development of any nation, and therefore many countries invest significantly in the education of their citizens. This is one area in which Ict and economic development are interconnected, because the ability to communicate with people in other parts of the world gives students a broader view of educational concepts and helps them approach problems in different ways. For example, a student who has problems with Algebra can go to the Social Forum and ask questions about the problem and receive answers that can facilitate understanding. Even business managers may encounter problems that could be resolved via information on the Internetfor the trade principle concerned. Interactive steps guides can also help people understand several difficult questions.
ICT and economic development are related in the sense that it helps in marketing, research and promotion of businesses. The Internet has opened a brand new market for companies and organizations that want to further increase their visibility and address new markets in different countries. Therefore, a company in London can set up a website informing people about their products and also provide them with means of browsing products. Interested customers in different parts of the world can either contact the company directly and discuss one of the products offered or can simply place and have them delivered. All these benefits help in the economic development of the nation.