The role of Science and Technology in our daily life is altering the way people live, behave, and communicate with profound effects on economic development. Science and Technology are now the key elements to development as the scientific revolutions reinforce economic progress, infrastructure and improve health and education systems.
Modern Technologies
Today I will discuss the role of Science and technology for future developments. For the people of US, the scientific experience has started since 1930’s. Well, scientific development is highly dependent on financial as well as societal support. The interaction of science and society determines the progress towards the modern technologies. Developing countries now promote technology advancement by investing in quality research and education for the upcoming youth and the skill training for the current generation.
Century of Technology
21st Century is emerging with technological revolutions based on telecommunication, microprocessor, nanotechnology, and biotechnology. Products are converting business practices across the globe, as well as affecting the lives in a very diverse manner. When these technologies will converge remarkable breakthroughs are going to come forward from the interactions and applications.
Through these breakthroughs, these technologies are empowering the betterment of lives of poor in developing countries. For example, in African content after millions of loss and years of struggle, the cure of Malaria is now possible.
Innovation is the Key
Innovation is the primary key to the technological growth and leads to better living standards. The degrees to which developing countries can emerge as economic powerhouse depends on their ability to apply insights from science and technology.
The potential of Science and Technology for growth is endless. For example, the computing is unlocking infrastructure backlogs and handling integrated supply chains which can transform economic performances by enabling accessible and affordable services in healthcare and education. The emerging technology of internet and cloud-based solutions has transformed human experience.
Innovation and Discoveries
Managing the technological revolution put forward new challenges. New innovation and discoveries focus on higher productivity which is a key to growth. Successful countries in the world have grown their ability to learn, explore and innovate by investing in public funding to help research and development in critical areas.
Benefits are Certain
We all know that benefits are certain from technological revolution. The highly connected countries have a rapid change in environment and they are taking full advantage of this golden opportunity. Those who are succeeding will make a definite progress in reducing poverty and inequality.
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