importance of technology in a country

What is the importance of technology?

Technology has important effects on business operations. No matter the size of your enterprise, technology has both tangible and intangible benefits that will help you make money and produce the results your customers demand. Technological infrastructure affects the culture, efficiency, and relationships of business.

How is technology playing an important role in developing countries?

Technology Can Play Vital Role in Shaping Developing World's Growth. ... By using abundant and low-cost labor, developing countries were able to increase their share of global manufacturing activities, creating jobs, attracting investment and, in some cases, kick-starting a broader industrialization process.

How does technology help developing countries?

For developing countries, access to technology can have many benefits , one such improvement being the boost of a nation's economy. Other ways that technology is helping economies in developing countries is by reducing the costs of production, encouraging growth of new business and advancing communication.