Imported technology, in context from the statement, identifies machines which are not indigenous towards the Caribbean. These types of machines let little or no manual effort used in order to finish tasks. The moot suggests that, these systems have advanced Caribbean financial systems only a little bit.

Place an order for research paper!

Database of essay examples, templates and tips for writing For only $9.90/page

Imported technology has not partially improved Caribbean economies. It includes immensely increased economies of the Caribbean. A large number of Caribbean island destinations depend on tourism as a market, and technology plays and integral function in improving this market.

Technology can be described as massive promoting media. Promoting of the island destinations is done through television and radio commercials, the Internet through web pages as well as brochures, which are printed simply by machines. Technology has without a doubt fostered the enhancement with the tourist industry. Technology through tourism offers aided in generating revenue for the islands.

Technology has made the Caribbean famous. Financial economical institutions also have taken good thing about imported technologies to meet the needs with their customers. Folks no longer need to wait in lengthy queues to become served by unfriendly individual tellers to withdraw or deposit payments. Technology has turned it likely to have Automated Teller Devices (ATM’s), mobile phone banking, offshore banking and credit and debit cards – the use of digital cash. From this new age of business, technology is what makes an improvement.

The use of technology in advertising promotes economic development through the consumption of goods and services. The systems employed to boost this development are web commerce, the getting of goods and or services with the use of digital cash, and web pages. Allows not forget the greater ancient, yet somehow still technical ways of advertising and marketing, the television and radio. Moreover many businesses have realized the efficiency of technology and thus have taken steps to handle their businesses by using accounting and workplace systems that are technologically driven. Technology has created jobs.

Every man made things are not long term and they breakdown and endeavors are made to deal with them. This produces jobs intended for television; a radio station and appliances for the home repair males. Technology has also created jobs for advertising experts in tv set and radio. One should not forget the i . t sector, which is now developing quickly.

This sector has produced many jobs such as info entry man or women, systems experts, programmers, pc technicians, and suppliers of hardware and software. Jobs are created and these individuals are now able to provide for their particular basic needs of lifestyle. It is quite evidential that technology has played out an essential role in the improvement of Carribbean economies.

The role technology has played out is definitely familiar, vast, huge and not little.

< Prev post Next post >

Role of Banks in the Economic Development Essay

Financial institution: An organization, generally a corporation, chartered by a state or federal government, which does most or perhaps all of the following: receives require deposits and time debris, honors ...

Environmental Economics & climatic change Essay

Many approaches to green house emissions are currently being reviewed in the United States. In fact members with the 110th Our elected representatives (2007-2008) are actually making regulations pertaining to ...

Examine the Changes in Location and Development of Tourism Activities Essay

All of the changes in location and development of tourism actions over the past 50 years can be associated with advantages in air travel, economical growth as well as the ...

Are Professional Athletes and Actors Overpaid Essay

Through this essay Let me explore a much debated matter in this region pertaining to the undeniable fact that professional actors and athletes overwhelmingly get paid greater than the average ...

Testbank for macroeconomics canada in the global environment Essay

Testbank for Macroeconomics Canada inside the Global Testbank for Macroeconomics Canada in the Global Testbank for Macroeconomics Canada inside the Global Testbank for Macroeconomics Canada inside the Global Testbank for ...

DMC Review Papers Essay

As Mr. Grant, CEO of DMC has realized, the present growth strategy of the firm is insufficient. DMC needs to identify all their primary business problems and prepare a new ...

Economic Development and Industrialization Essay

The process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services. Individual manual labor ...

The Impact of the IOM Report on Nursing Essay

The Affordable Proper care Act was passed on Mar 23rd, 2010 and is part of the health change which boosts benefits furnished by insurance companies. In Wisconsin insurance agencies are ...

The development of African countries through export-led growth and export performance Essay

Export-led growth can be economic progress based on raising exports and export income, a key aspect in Aggregate Demand. This would mean GDP increases, resulting in larger incomes and growth ...

Development and Growth of Verizon Wireles Essay

Verizon Wireless plans for workable development like a wide industry leader in wireless providers as well as for prominence in key wireless services markets. In both situations, the Verizon Wireless ...

Category: Economics,

Topic: Digital cash, Goods services, Impact, Technology,

Words: 471

Published:

Views: 1019

Download now
Latest Essay Samples