How does technology contribute to economic development in emerging markets? 🔊
Technology significantly contributes to economic development in emerging markets by promoting innovation, enhancing access to information, and improving efficiency. Digital platforms facilitate entrepreneurship, allowing small businesses to reach larger markets. Mobile technologies enable financial inclusion, giving access to banking services for millions. Additionally, investments in technology create jobs and stimulate economic growth by attracting foreign investment. As infrastructure improves through technology, industries become more competitive, leading to an overall boost in **GDP** and better living standards for the population.
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