Understanding Technology in the Context of National Development: Critical Reflections

Siddhartha Paul Tiwari, Oleksii Kostenko and Yuriy Yekhanurov

MPRA Paper from University Library of Munich, Germany

Abstract: Technological advances are making a significant impact on the way citizens interact with one another, communicate, share information, and organize their ideas, lives, and possessions across continents. While this technological revolution has transformed the way nations manifest and develop, the magnitude of its impact is still underappreciated. The people, however, should not be forgotten. They are the true foundations of any nation as well as the primary beneficiaries of technology's development. There is an increasing use of technology by public organizations and nonprofits in conducting their day-to-day operations, from disaster relief coordination to public safety campaigns, which have an impact on the quality of services they provide. A nation's technology enabled activities have immense value for individuals, and most of the time these benefits are passed directly down to them. As more and more things and people become connected to technology, we can expect new technologies will continue to influence the landscape of possibilities for all nations and for our planet in the future. The future is already characterized by several trends that reflect these changes in technology, connectivity, and governance. The rapid rise of the digital economy has been driven largely by technological advancements, such as the rise of the internet and mobile phones, which have created new avenues for economic activity and governance models, allowing businesses to reach global markets and customers with ease by utilizing the internet or mobile phones. This also comes with a plethora of new challenges, such as dealing with issues associated with cross-border cloud commerce, and at times even having to deal with new scams and taxes that are unique to this era. Entrepreneurs, small businesses, and nations are all finding new opportunities in the digital economy in terms of expanding their reach and scaling to capture new markets and opportunities. Technology can also play a vital role in the creation of jobs for nations across the globe. Technological advances have led to the obliteration of some jobs. The early evidence suggests that tech can be a net job creator in the long run.

Keywords: Technology and National Development; Economy and Technology; Governance and Technology; Technology Enabled Future; Technology Impact on Nations (search for similar items in EconPapers)
JEL-codes: O10 O21 O3 O30 O35 (search for similar items in EconPapers)
Date: 2025-03-27
References: View references in EconPapers View complete reference list from CitEc
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Published in SciFormat Publishing Inc. 1.1(2025): pp. 1-36

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