Page 24 - CAPE Caribbean Studies Study Guide Sample_Neat

2.8 Factors that promote or hinder

development VI: technology

Learning outcomes Due to the advent of globalisation, major technological innovations have
occurred that have revolutionised the daily lives of people and firms.
On completion of this section you Technology has now become part of daily life and can be found in people’s
should be able to: homes, workplaces and schools. Technology has become an integral part of
■ identify the ways in which the development of the Caribbean region too, although in some cases it has
technology promotes been shown to hinder development rather than promote it.
development Benefits of technology
■ assess ways in which technology
promotes and hinders Technology allows for quicker communication. People are able to gain
development. internet access through their smartphones and keep up to date with their
social calendars. Those who are computer literate can communicate quickly
via email, so it is no longer necessary to write letters.
By using technology people are able to carry out daily tasks such as banking,
shopping and business from the comfort of their homes.
Technological advancements also allow for transactions to take place more
quickly. For example, technology facilitates ‘wire’ transfers of money to
developing countries in the Caribbean. Remittances are very important in
Caribbean economies, improving quality of life for those with relatives living
and working abroad. Remittances represent significant proportions of GDP,
aiding development. However, reliance on remittances often comes at the
expense of fostering a strong national economy and workforce.
Another benefit of technology has come as a result of advancements in
medical care such as in the use of laser technology in operations.
Businesses also benefit from technology in that it can be integrated into
the production process, thereby increasing output and reducing the cost of
wastage. If firms use more machinery and less labour, fewer employees are
required and this results in lower overhead expenses in the form of wages.
Technology can be used to ensure the efficient operation and management of
a business.

✓ Exam tip

When answering an essay question,
provide examples of technology
being used in everyday life.
Figure 2.8.1 How has the development of technology benefited the industrial
advancement of the Caribbean?
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