Chapter 4, Problem 1TAI1

Summary Introduction

To Determine:

Whether technology is widening the gap among poor and rich countries.

Answer to Problem 1TAI1

Solution:

Yes, technology is widening the gap among poor and rich countries as the technically advanced countries are more skilled than the workers of poor countries.

Given:

Technology and economic development of poor and rich countries

Explanation of Solution

Rich countries are advanced than the poor countries and technology is widening that gap. As technologically advanced countries have more skilled workforce as compared to that of the poor countries.

Also, rich countries have higher percentage of education as they are taking advantage of technology to educate their children better.

Rich countries have highly expansive defense programs, space programs, development programs etc. They are doing businesses in foreign countries as well. On the other hand, the poor countries like nations of Africa, Bhutan, Nepal, Pakistan etc. lack these advantages. As the rich countries are advancing technologically they are leaving behind the poor nations. Rich countries’ currency value is increasing and poor countries’ currency value is decreasing more and more.

Hence, technology is widening the gap among rich and poor countries.

Conclusion

Rich countries workforce is more skilled. They get better education as compared to the poor countries.