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Technology and Development

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Rising Powers and Global Governance

Abstract

There is a strong belief among many that some of the serious problems the world faces today can be solved by technological means. The advances made in the areas of renewable energy are some of the examples of the way technology can come to mankind’s rescue. Another is the work being done in space exploration that may lead to the mining of asteroids for metals that are being depleted on Earth. The reason technology is an “issue” is that it is not clear who should lead the efforts in this area and what should be done to mitigate the worsening of income inequality that will likely result from technological advance. While the fiscally constrained government in the United States is now spending a smaller proportion of the country’s gross domestic product on technological development, a number of newly minted billionaires have come together to pursue their own ambitions. Bill Gates, for instance, is investing large sums of money in renewable energy. The founders of Google are interested in prolonging life and developing driverless automobiles.

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Notes

  1. 1.

    Niall Ferguson, Empire: The Rise and Demise of the British World Order and the Lessons for Global Power, Boston: Basic Books, 2004.

  2. 2.

    Sven Beckert, Empire of Cotton: A Global History, New York: Knopf, 2014.

  3. 3.

    W. Arthur Lewis, Theory of Economic Growth, London: Routledge, Reprint Series, 2013. Also see Robert L. Tignor, W. Arthur Lewis and the Birth of Development Economics, Princeton, NJ: Princeton University Press, 2005.

  4. 4.

    Robert M. Solow, “After technology progress and the aggregate production function,” in Charles R. Hutten, Edwin R. Dean, Michael J. Harper (eds.) New Developments in Productivity Analysis, Chicago, IL: Chicago University Press, 2001, pp. 173–178.

  5. 5.

    Gary S. Becker, Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Chicago, IL: University of Chicago Press, 1994.

  6. 6.

    Thomas Friedman’s book The World is Flat: A Brief History of the Twenty-First century, New York, Picador is an important book in explaining how India, a poor country became a world leader in providing IT services to developed nations.

  7. 7.

    The World Bank, World Development Report, 1998/99: Knowledge for Development, Washington, DC, 1998.

  8. 8.

    Douglass North, Institutions, Institutional Change and Economic Performance, New York: Cambridge University Press, 1990.

  9. 9.

    David McCullough, The Wright Brothers, New York: Simon & Schuster, 2015.

  10. 10.

    Ariana Eunjiang Cha, “The human upgrade: tech titans’ latest project: Defy death,” The Washington Post, April 5, 2015, pp. A1 and A10–11.

  11. 11.

    Annie Jacobsen, The Pentagon’s Brain: The Uncensored History of DARPA, America’s Top-Secreat Military Research Agency, Little Brown, 2015.

  12. 12.

    Ariana Eunjiang Cha, “The human upgrade: tech titans’ latest project: Defy death,” The Washington Post, April 5, 2015, pp. A1 and A10–11.

  13. 13.

    Clive Cookson, “FT big read: green technology,” Financial Times, June 27, 2015, p. 7.

  14. 14.

    Todd C. Frankel, “‘Visiting foreign leaders’ must-see: Silicon Valley,” The Washington Post, September 28, 2015, p. A16.

  15. 15.

    Vidu Goel, “Indian premier courts Silicon Valley in effort to ease nation’s poverty,” The New York Times, September 28, 2015, p. B5.

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Burki, S.J. (2017). Technology and Development. In: Rising Powers and Global Governance. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-59815-8_13

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