Question 1 · 10 marks · 238 words written
Discuss how technology has accelerated both the process of development and dependency.
Opening
Technology plays a crucial role in innovations and discoveries that lead to development. However, at the same time, dependence upon dominant nations like China for semiconductors, can reinforce imbalanced power relations.
[Technology and development]
Body · points and prose
• Economic growth As per Joseph Schumpeter, technology drives economic growth through development of new industries and new markets for technologically advanced nations. For ex - Rise of digital marketplace models like Uber, urbanclap, etc.
• Global supply chains (GSCs) - Technology enabled integration within GSCs through e-commerce and logistics has enabled "Asian tigers" to fuel their growth.
• Bridging infrastructural gaps
Close · a way forward
As per, Amartya Sen, technology helps in bridging gaps leading to inclusive growth specially among the marginalised sections.
For ex - JAM trinity in India to promote financial inclusion or Mobile Banking in Kenya.
[Technology and dependency]
↳ As per A.G Frank, the import of technology from developed nations, furthers the relations of dependency for cutting-edge technologies like AI, Internet of things, etc. Ex - US-China war for supremacy of technological development through AI, renewable energy equipments, etc.
↳ Technology transfer reinforces the core-periphery relations as per Immanuel Wallerstein. Further, it lead to increasing vulnerability of developing nations to cyberattacks and raises security concerns.
Hence, at one hand, technology has the potential for inclusive growth and soft-power influence like cultural export by Korea. At the same time, it shall be used in a balanced way to avoid "technological hegemony" of dominant nations.