How does technology influence economic development?
Technology plays a crucial role in economic development by enhancing productivity, creating jobs, and fostering innovation.
Can you give examples of technology that have significantly impacted development?
Sure! Examples include the internet, mobile technology, and renewable energy technologies, which have transformed industries.
What are the potential downsides of technology on development?
Potential downsides include job displacement due to automation, increased inequality, and environmental concerns.
How can developing countries leverage technology for growth?
Developing countries can leverage technology by investing in education, infrastructure, and fostering a startup ecosystem.
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