Developing World of Technology

In recent years, rapid technological progress has helped raise income and alleviate poverty in developing countries and in the process of development countries like Nepal. The spread of cellphones, computers and other technological innovations has generated economic growth while improving health care and agricultural production in developing nations like Nepal. But these country still have a long way to go to catch up to the rest of the world. The ability to communicate from such a remote region shows how technology is changing life in developing countries. Technological progress is ultimately probably the most important driver of income, of growth in Nepal. The study found that technology is spreading faster in emerging economies than in rich nations, even though the technology gap remains wide. It also found that technological progress has helped raise incomes in the developing world and reduced the share of people living in poverty. When we take a look at who are the good performers in terms of income growth, in terms of improving living standards, those are the countries that have the highest rate of technological progress and Nepal is one of them.