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Prospects of Technologies in Developed and Developing Countries

Prospects of Technologies in Developed and Developing Countries
Image by Gerd Altmann from Pixabay

Technology in Developing vs. Developed Countries

The answer to how technology has changed the world depends on the origin of a target individual. The need for innovations and new product/service standards largely depends on the locals’ particular customs, traditions, and mindsets. The more active and blossoming the use of technology is, the more beneficial structural and industrial transformations are expected.

Developed Countries vs. Developing Countries

What is the difference between such states as Norway or Iceland and Indonesia or Iran? They have unique human development indexes, which help enthusiasts define how developed they are. It is strikingly clear that Iceland, with an HDI of 0.949, has won over Indonesia with an HDI of 0.718. The characteristics below will provide more clarity on how these data should be interpreted:

  • The impact of technology on developing countries can be tracked via HDIs. This measurement defines the average efficiency of a target land in terms of its self-development. The analysis of the knowledgeable local outlooks, healthy lives, and living standards takes place.
  • Independent countries with impressive achievements in accepting, creating, and establishing frontier technologies are developed. On the contrary, the lack of the ongoing industrialization steps signifies developing countries.
  • These countries are different in their literacy rate, average life expectancy, GPDs, per capita income, and overall standard of living. Developed countries can boast of a more complex and well-thought-out interaction between their industries, which leads to more efficient use of available resources and room for accelerating development.

The Preparedness of Economies for Ever-Changing Technologies

Image by Michael Schwarzenberger from Pixabay 

Undoubtedly, the influence of frontier technologies on people’s lives is enormous. To improve well-being and provide better services in multiple spheres for end-users, the gap between the desire to adopt new skills and resources and the actual capability to adapt to them is still huge in numerous countries around the globe. The survey results can back up this conclusion. Here are the main considerations which can be made based on Technology and Innovation Report 2021 by UNCTAD:

  • The opportunity to catch a frontier technological wave by a country predetermines its chance to obtain sustainable development goals.
  • The building of innovation capacities can be backed by the countries’ efforts in the global arena, namely, its cooperation with more successful developing countries and other developed lands. Let’s be more precise. LVbet is a reputable platform for free and real money gambling. This domain is designed with customers’ objectives in mind. There are many payment methods like Skrill or more region-specific Zimpler, convenient casino bonuses, and a vast divergence of games. The interface is available in a few languages and accessible for users from different lands. The fact that it opens its doors to both developing and developed countries is a good feature. While the first category can absorb the experience of more skilled partners (as in other fields), pundits can occupy new markets with more favorable entry conditions. The LVbet online casino will be a safe domain for users from Finland, Germany, Ghana, Brunei, Laos, Ireland, the UK, etc.
  • The advancement in technologies contributes to the evolution of numerous areas, including energy, health, education, agriculture, etc.
  • The survey provides a ranking of lands with efficient technological efforts. These achievers are called overperforming countries. The results of India, the Philippines, Ukraine, Viet Nam, and China have enabled them to occupy the top five places in the rating. The index is based on the readiness to implement frontier technologies, measured through such aspects as access to finance, ICT deployment, and others. Overall, countries like Jordan, the Republic of Moldova, and Brazil have performed better than expected from their GPDs per capita imply.
  • High innovation and GPD let up-market performers keep up with their development tempos. The USA is a frontrunner in the global market. Sophisticated casinos in Georgia aren’t frequently associated with the country’s ability to adapt to changes and innovations rapidly. Online gambling establishments are a prominent sample of how technological progress can be presented divergently. From creating high-yielding varieties of crops via the latest biotechnology trends to advanced UI/UX designs, support for 3D and VR slot machines, and maintaining cryptocurrency payments and unique tokens — these features show off that the local network fuels frontier technologies with high demand and readiness for them. Switzerland, the United Kingdom, Sweden, and Singapore are great achievers from this perspective.

As of February 2021, the market for frontier technologies was worth three hundred fifty thousand billion US dollars. This network is expected to drastically grow and exceed the level of three trillion US dollars by 2025. If more developing countries change their policies to favor changes, more overperforming lands can appear. Although the major part of regions can’t boast of great results, that is not the end of their stories. Policy implications, development of new materials/services, and more active use of technology-intense instruments will be for the better.

Technology in First World Countries

For some residents, the introduction of the television, light bulbs, telephones, etc., isn’t a miracle anymore — it happened decades ago. However, there are still lands where these tools and instruments, which seem common and natural, are non-popular or non-accessible freely. In the table below, you can get acquainted with different approaches to defining ten technological innovations.

The Internet was discovered in 1973. Back then, it was called ARPANET. The Internet’s growth is what fuels innovation. Taking into account how much data is stored online, the network security and capacity have to evolve constantly. One of the samples is the realization of 5G projects, promising skyrocketing internet connection speeds.
The first personal computer was created in 1977 by Apple. The so-called quantum computing is an opposite version of on-premises equipment. The enormous increase in computational powers is accompanied by the opportunity to achieve supercomputer supremacy smoother and easier.
Kodak and Nikon are pioneers in the market. The first digital camera is believed to be created in 1991. The evolution of frontier technologies can’t be imagined without robots and similar products. So far, the creation of dexterous robots is among the latest innovations in first-country industries. Such virtual experimentation goes hand in hand with smart homes, AI vehicles and services, and so on.

The list of innovative developments can be enlarged. Simply put, new discoveries occur frequently — just consider the cases of digital twins, custom cancer vaccines, etc. Although the data isn’t presented in chronological order, it is still obvious how multifunctional the system needs to be to implement numerous changes quickly.

Wrap It Up

Analyzing the latest discoveries in the market or enjoying your favorite LVbet activities, you can predict what surprises the future holds. When some equipment/software/technologies are tested in top-performer regions, it is possible to forecast how much time it will take to see analogous trials at home. The difference between developed and developing countries isn’t huge in some cases, and the gap can be reduced for sure.