The Future Role Of Technology In The World Essay

About 90 percent of the world’s population can access mobile networks, with three-quarters of mobile subscribers living in developing economies.

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Science and technology are key drivers to development, because technological and scientific revolutions underpin economic advances, improvements in health systems, education and infrastructure.

The technological revolutions of the 21st century are emerging from entirely new sectors, based on micro-processors, tele-communications, bio-technology and nano-technology.

The investment climate is crucial, as are the right incentive structures, to guide the allocation of resources, and to encourage research and development.

Successful countries have grown their ability to innovate and learn by doing, by investing public funding to help finance research and development in critical areas.

Adopting appropriate technologies leads directly to higher productivity, which is the key to growth.

In societies that have large stock and flows of knowledge, virtuous circles that encourage widespread creativity and technological innovation emerge naturally, and allow sustained growth over long periods.Everyone is involved – big and small, public and private, rich and poor.The benefits that are certain to flow from technological revolution in an increasingly connected world and knowledge-intensive world will be seized by those countries and companies that are alive to the rapidly changing environment, and nimble enough to take advantage of the opportunities.Managing technological revolutions poses challenges. Certain innovations and discoveries will raise fraught bio-ethical issues, as genetic modification of food crops and cloning of human embryos has already done.There is a risk that their cost, particularly in the early stages of development, will worsen the present inequality by limiting access to wealthy individuals.Knowledge is the systemically integrated information that allows a citizen, a worker, a manager, or a finance minister to act purposefully and intelligently in a complex and demanding world.The only form of investment that allows for increasing returns is in building the stocks and flows of knowledge that a country or organization needs, an in encouraging new insights and techniques.Other technologies under development are interventions for cognitive enhancement, proton cancer therapy and genetic engineering.Revolutionary inventions include small underground nuclear power units called nuclear batteries that will be ultra-safe and maintenance-free; new types of photo-voltaics that will make electricity from sunlight cheaper than that from coal; and myriad nano-technologies, some of which lower the cost and increase the reliability of many products – even in the poorest areas of the developing world.However, the continued and equitable expansion of Information Communication Technology (ICT) depends on electricity.The real divide over the next 20 years will be between those who have access to reliable electricity to power these devices and those who do not.

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