Technological change or rapid development, is the broad process of development, innovation and diffusion of new technologies or practices. The term is usually used to refer to technological change which has been a feature of human activity since the dawn of industrialization. In recent years technology development has assumed a greater role in economic development as it enables people and nations to use new technologies more efficiently and to increase productivity.
It is often associated with higher levels of income and development in societies. Technological change can be diffuse or abrupt. There have been examples of the rapid technology developments, such as the development of information technology, electrical engineering, communications technology and microelectronics technology. These developments were accompanied by diffuse changes in other fields, for example the movement from traditional to digital industries, liberalization of financial markets and other changes in social systems.
Technological change can be a result of globalization, which has affected all fields of activity, and is a significant driver of economic development. It can also be a consequence of the increasing interdependence of computers and other machines, leading to greater specialization in certain tasks.
Technological change can be a source of substantial economic growth if the process of development takes the form of new industries. The creation of new industries, for example, can create a large number of jobs. A key aspect of such an industrial revolution is increased productivity. However, increased productivity can only lead to an increase in the need for new employment, which could lead to rising unemployment. Other effects include undermining the position of workers in the family farm and adversely affecting working conditions in traditional industries, such as the textile and clothing industries.
Technological change can have negative consequences on society, for example, increasing poverty and inequality. Technological advances sometimes can conflict with the values and interests of the existing society, especially when these interests are placed under considerable pressure. Rapid technology development may bring about changes that render some aspects of society in conflict. The erosion of traditional practices and values, and the formation of new societies that are characterized by greater levels of specialization, may also result in conflict. Technological developments may result in a separation of technology from the society, creating a dual-technology society. This situation arises when technology is not used to develop things that are useful to the society in question, but is used to develop things that are detrimental to the society, or even to the environment.
The effects of technology development can also be quite positive, as it creates new opportunities. Technological developments result in the creation of new economic sectors. These sectors may create new employment opportunities as well as new sources of income. In some cases, these developments create employment that is not only economic but social as well.
Technological development also contributes to the standardization of technology. Certain technological advances can help consumers and society at large become more dependent on technologies. In order for technology to be developed, there must be technology available to make the progress possible. The development of various technologies leads to the spread of technology throughout society, making it easier for individuals and society as a whole to interact with one another.
Technological developments may also cause social change, depending on the type of technology being developed. A society that moves from using technology as it is now to using a new technology at some point in the future may have some negative effects on the way that technology is used today. However, even if technology develops in a way that is beneficial to society, the development will still have an impact on how it is used today. This is because any technology whether new or old has a definite impact on how people live their lives.
One of the greatest impacts of technology on society has been the introduction of the Internet. The Internet has allowed for many different types of communication to take place. In fact, many of the most popular forms of communication, such as email and texting, were developed as a result of the development of the Internet. This form of technology development has led to the great globalization of society, allowing people across the globe to communicate with one another. Because of this, the Internet has become one of the most important players in global markets, making it imperative for governments to implement measures that will protect