Technology - Research Paper Example

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The intense interest for countries to expand their access to new technology is a relieve to the development agendas given the rapid changes in technological advancements globally. The ability to identify crucial and much-needed foreign technology, import it, and adapt it, when…
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Download file to see previous pages New technology comes in a standard language of interaction and communication as a result calling for the persons interacting with the technology to learn new languages. The case in point is using mobile handsets, which come in few main languages hence even old users have to learn one main language to fit in (Rashed 2).
Massive investments in technology could have far-reaching economic changes in the society. These economic adjustments comes in the form of change in lifestyle, expenditure, access to cheap and high-quality products that shall transform lives of local people positively. An example is if a community that grows avocados and ripens them for food gets an investor who shall put up an avocado processing factory that produces cooking oil, body and skin oils, the community shall derive many benefits from this technological investment. First, the expected price of both cooking and body oils is expected to fall once production starts. In addition, the factory shall trigger sprouting of businesses around to cater for the needs of its working class as a means of access to essential commodities (Rashed 4).
New technology comes along with an improvement in the means of communication more especially infrastructure development. This results from the expected increase in activities arising from the investment in new technology. Improved infrastructure will aid transport of a vast number of processed items to the markets and movement of technical engineers and employees to the processing centers (Ibrahim 3).
Most investments in new technology have led to improved processing capacity as a result leading to the creation of more job opportunities both in technical departments and at the processing centers. This has been the case in many manufacturing companies, which invest in technology to increase processing capacity and consequently lead to creation of more jobs in the factory and indirect jobs for salespeople and ...Download file to see next pagesRead More
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