Question

What opportunities do technological developments provide in developing countries? (Site 1)

Answer 1

Most experts believe that technology is the key to growth for developing economies. The spread of the Internet and mobile phone use throughout the world has made growth easier. Advanced technology has impacted more than a developing economy’s communication. It has helped reduce the cost of producing goods. This allows for greater profit on the sale of those goods. Standards for quality are easier to establish with better technology as well. The country of Kenya in East Africa is an example of how technology can help transform an economy. In 2007, M-Pesa, a mobile banking service, was introduced in Kenya. This gave more people access to financial services. Before, many Kenyans did not use banks at all. Kenya is still a developing nation. Its economy has potential for more growth. Technology will be the key. Other developing economies may choose to follow the same path.

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Answer 2

Technology has continuously advanced and spread worldwide triggering important changes in many areas of the society, and yet, there is much more to look forward. One significant opportunity technological developments have provided to developing countries is the access to information and communication over the internet. People are now able to access to a great deal of knowledge regarding health, education, and other information that they don’t usually have access to. They are now able to inform and educate themselves. Moreover, there are many affordable tools that also improve the quality and access to education.