Why are developing countries “poor” and developed countries “rich”? What contributes to the wealth of a country? What determines or dictates how well a country is running? Most of the time, the answer to these questions are correlated to the economy due to the different circumstances in developed and developing countries. One of the most vital parts of a developed country is technology – something that most developing countries lack.
How Technology Helps
When a country receives access to technology, a myriad of opportunities follows. Technology improves the efficiency of services, encourages the growth of businesses/companies, and increases the wellbeing of the civilians and the environment. For example, let us look at the ongoing Pandemic – countries with little to no access to modern technology have their civilians at risk for the Coronavirus, mainly due to the lack of information, lack of educational facilities and virtual classes, lack of online business or diplomatic meetings, etc. Awareness cannot be easily spread throughout the nation, allowing the virus to unintentionally be spread, hurting the global efforts in fighting the virus. This would, in turn, hurt the economy because of the necessary funding for hospitals and medicine.
Nevertheless, with modern technology, developed countries are able to provide necessary funding for not only hospitals and medicine, but also tracking the virus with A.I. to keep things under control (as much as possible) and researching that is done in hopes of finding a cure. The countries with stronger economies, as a result, indirectly help the countries with weaker economies, by decreasing the risk of the virus spreading, which causes a reduction in necessary funding. Modern technology does not only provide immediate relief but also provides long term effects that will last and help sustain an improved economy.
Action Being Taken
In many countries, like Myanmar, child labour runs amok. Due to the widespread poverty, children are forced to join the workforce at a very young age in order to compensate for the money the family does not have. Children dropping out of school early creates a generation of adults who have not reached their full potential, encouraging the cycle of poverty and creation of unskilled laborers.
With modern technology, however, children could receive an education either in school or at home. At school, tuition could be lowered through the use of sustainable energy, and at both school and home, the price of food for students could be lowered because of better farming techniques and increased knowledge in farmers and students could receive quality education through the internet.
As a result, a generation of skilled, educated adults whose livelihoods do not contribute to the growth of poverty would emerge. Overall, modern technology has an obvious positive influence on a country’s economy.
Several developing countries have implemented modern technology with the help of companies and organizations, including Practical Action, GeoPoll, MGCubed, and Microsoft 365. These companies and organization have already positively impacted not only the economy, but also the lives of those in the developing countries. MGCubed, as mentioned above, has educated over 10,000 girls and boys online with the help and support of virtual classes. With increased access to technology, more opportunities are given for those in developing countries, opening the doors to better ways of life and better countries to live in.