Technology: For a Better Economy

As I dig deep into the world of macroeconomics I will single my attention onto technology and the research and development that goes along with it. I will be able to answer the question “How have the advancements in technology helped in the economic progress of developing nations?” I will take several different nations that are going through a development period currently and see the relationship they have with technology progress. By looking at past technological statistics versus new statistics of developing nations I can decipher whether there is a large enough growth in the standard of living to say that it is helping the economic progress. I will prove that research and development increase the standard of living as well as increase the productivity. My overall goal is to suggest analytically that technological advancements are extremely helpful to developing nations around the globe. By doing so, I will be able to factually support the idea of research and development through technological advances in a developing country with solid proof.