How Does The Development of Technology Affect the World Economy

As people grew, the technology around them also grows to match with their needs and desire. We are now witnessing the age of where the world is driven by iPods, cell phones, internets, and all the technology that we have created. This change how people live, work, play, differently from day to day. But does all this contribute to our world economic growth?

The most significant change that all this have on us is how it change the way we communicate. By the creation of cell phones and internet, we can now communicate with everyone, anywhere, anytime we wanted to. This makes our life, social interaction, and keeping in touch with people much easier. But when we look at through a businessman perspective, we can see that this brought more potential in building a huge company. Deals can be made on calls, conference can be held even without the presence of the real person in the boardroom. Thus the business can grow faster compared to the day before we had all this.

People are now willing to pay more for better computers, laptops, gadgets, and other it products. Giant international companies such as Apple, Microsoft, Sony, and others are fiercely competing with the other company in various fields, in order to make sure that they give the best for their customers. This healthy competitions makes the industry grows and gave a lot of job opportunities and thus contributes to the world economy.

People also can be a businessman at the internet. A lot have tried and now successful in various way. Some may just directly sell things and the internet helps them to gain customers. Others might offer services, or sites that might give people something new on the internet. Names such as Mark Zuckerberg and Jack Dorsey are the example of people who found that internet is not just a place to find information, but to make money out of it.

The development of technology does change our world economy. It makes the business moves faster, and thus shifting the way of our life into the one that we never see before. The development of technology makes our life better and undoubtedly it gives benefits to the economy of the world.

By Mohd Afham