Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Mobile phones are a clear example of the deep impact of some new technologies.These are instances of technology improving the lives of poor people. But for technology to make a real and sustained contribution to development, it must not only provide better and cheaper products; it must also lead to more higher-paying jobs.Kenya's ubiquitous mobile banking service M-Pesa appears to have enabled poor women to move out of subsistence agriculture into nonfarm businesses, providing a significant bump up the income ladder at the very bottom.New digital technologies have been playing an important role in transforming large-scale farming in Latin America and elsewhere.The introduction of these new technologies in production in developing countries often takes place through global value chains.Yet big questions surround the possibilities created by these new technologies. Upon closer inspection, GVCs and new technologies exhibit features that limit the upside to and may even undermine developing countries' economic performance.It is akin to saying that development requires development.Compare the new technologies with the traditional model of industrialization, which has been a powerful engine of economic growth in developing countries.
Worrying about income gaps within or between countries
Studying what’s driving populism
Can global rules prevent national self-harm?
FOLLOW THIS ARTICLE