Innovation and Technology

Innovation and technology in developmental economics refer to the creation and application of new ideas and tools to improve economic growth and enhance living standards, especially in less developed regions. This can involve advancements in agriculture, healthcare, or education that make processes more efficient or accessible. By adopting new technologies, countries can increase productivity, create jobs, and boost overall economic development. Ultimately, embracing innovation helps communities overcome challenges, fostering sustainable growth and improving the quality of life for their populations.