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Technological innovation - Essay Example

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The author of the essay "Technological innovation" focuses on the role of innovations in modern life. Reportedly, technology and innovation have helped the globalization movement in a lot of ways. Notably, globalization has benefited a lot from technology in terms of communication. …
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Technological innovation
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Technological innovation

Download file to see previous pages... Lower prices in technological devices such as laptop computers, tablets, and minicomputers have given millions of students the opportunity to take advantage of technology to improve their efficiency as students. More research is being performed by students, faculty members, and researchers than ever partly because these individuals can purchase electronic gadgets at low prices. There is greater cooperation among nations to help poor countries through technology transfers to improve their efficiency in critical industries such as agriculture. Advances in genetic engineering have helped farmers produce crops that generate higher yield in the same amount of space. Social development has improved due to globalization. The global community is more aware of the needs of other nations. There are a lot of volunteering efforts from organizations across the world to help improve the standard of living of nations suffering in extreme poverty such as the Sub-Saharan African region. Technology has greatly impacted the production capacity of many countries. As more goods are being produced due to superior technology some countries have been able to gain competitive advantages in certain industries such as the Japanese in the auto and electronics industry. Mass production techniques that optimize the use of labor have helped China become the largest exporter in the world. Advances in renewable energy technologies such as solar, wind, and electric power have reduced the global dependency of society on petroleum. ...Download file to see next pagesRead More
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