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1BUSM028 COURSEWORK ESSAYQuestion 1: What role does technology play in generating uneven economic development, and how are multinationals implicated in it?IntroductionOver the past years, technology has been viewed as one of the primary drivers ofeconomic development. The prosperity of any economy depends on technological progressinefficient production of more and better goods and services. It is indisputable that the mostexcellent way to accelerate economic development and alleviate poverty is by providing equalopportunities in all sectors of the economy. Despite the growing inequalities, new technologieshave accelerated wealth creation in different countries globally due to decreased productioncosts. Abd Ghani et al. (2017) argue that multinational corporations are the major players incontrolling technological advancements in different operation countries. Lack of access toappropriate education, training, and persistent economic equalities have been witnessed inunderdeveloped and developed countries dominated by giant multinationals such as Microsoft,Amazon, Google, and Alibaba.Technological advancements may lead to increasing economic development inequalitiesin different countries. A country's system's ability to distribute income equitably is negativelyaffected by the development of technology. Atkin et al. (2017) say that technology can contributeto economic development inequality due to its skills-bias nature and high rent captured byinnovators in most multinational corporations in different countries. Google and Microsoft havesignificantly been implicated in playing a role in generating uneven economic developmentthrough technological advancements. Some multinationals have policies and regulations that
favour economic development in some parts of a country and hinder other parts leading touneven economic development. Multinational corporations promote a declining share of labourincome, stagnated median wages, and a failed labour workforce, resulting in economicdevelopment inequality in the areas of their operations.Role of Technology in Generating Uneven Economic DevelopmentCountries like the United States of America and Singapore use technologicaladvancements such as robotics, machine learning, artificial intelligence, and big data technology.Some states, such as Arizona and Newyork, realising a fifty-nine per cent increase in theirindustrial expansion over the past twenty years. However, in states such as Hawaii, wheretechnology has not been fully embraced, they lag in economic development with an annualincrease of two per cent. This has been necessitated by the digital revolution, which is takingshape globally. Nunn (2020) argues that low industrial expansion has been witnessed in countrieswith inadequate financial and human resources to fully incorporate technological advancementsin industrial and manufacturing processes. For example, a country such as Sudan has witnessed

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