What is the relationship between technology and economic development?

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developing country generally sees a close relationship between technology and economic development and is looking for technology transmission through networks, direct foreign investments, joint companies or technology licenses. The use of technology is considered to be increasing productivity and allows the country to achieve higher production from the same number of working hours. Technology is also considered necessary to improve critical infrastructure such as health, education, transport and telecommunications. In efforts to develop, the adverse effects of technology can be ignored, with potentially harmful consequences for the environment and human health. Technology can be used to achieve economic growth, but the sustainable development of the entire population requires the right decisions on appropriate technologies and economic development.

Historically, the technology was important for economic growth as the introduction of new technologies into the eagletsIt increases productivity, which allows every working hour to produce more production. This increases national production and national income where manufacturers have access to international markets for their products. For example, the Industrial Revolution in the UK was built on pioneering inventors in industries such as textile and iron and steel, which led to traffic development, such as railways, and increasing national income to create the largest economy in the world in the 19th century. Development countries at the beginning of the 21st century are now looking for technology to similarly increase production efficiency and diversify industrial production to reduce the dependence on primary industries and only a few products. The new technology can also help increase the health of the nation, strengthen educational equipment and strengthen transport and communication and development countries sees a close link between technology and economic development.

Achieving sustainable development requires careful use of sustainable techNoge to avoid harmful effects on health and the environment that accompanied by the introduction of technology and economic development in Europe and North America. Sustainable development requires the use of green technologies and careful planning for employees to avoid harmful effects on standard of living and inequality between rich and poor. Conventional economic measures, such as gross domestic product (GDP), do not take into account these unfavorable growth consequences, and the country may prefer to use measures such as the UN development index (HDI). HDI takes into account life expectancy, access to education and the standard of living of the population. These may be caused by the use of technology and an effort for economic growth, although it is usually necessary to care for technology to cause more damage than good.