The technology has played significant role in the economic growth. Different organization today have started implementing latest software and systems which allow them to manage various businesses process efficiently and accurately. Due to the technology various errors which were man made are now controlled due to the technological advancement. When the profitability of the organization grows the business expands which ultimately become the reason for economic growth. Organizations or businesses are not the only one who are experiencing the benefits of technology. Major educational institutions are also utilizing latest technologies to increase the skills and knowledge of the employees.

        In many universities of Asia the technologies like tablets are allowed through which they can search information regarding their course work. Students today are encouraged to use latest technologies so that they can become familiar with different software and gadgets that are available in the market. Due to technological advancement teachers have also changed their teaching methodology and started using different technological tools to increase the understanding and learning skills of students. In the past people search for job through newspapers but today there are many websites which help the individuals to find the right job (Ratnam, Sanghrajka and Su).

References of Economic Impact of Technology

Ahmed, Elsadig Musa, and at.al. 2013. "The Impact of ICT on East Asian Economic Growth: Panel Estimation Approach." Journal of the Knowledge Economy 540–555.

JinWang. 2013. "The economic impact of Special Economic Zones: Evidence from Chinese municipalities." Journal of Development Economics 133-147.

Ratnam, Kalai Anand, Mehool Sanghrajka, Ian Su, Amit Pawar, and Raymond Choo. 2017. "Innovating Teaching & Learning Practices with Technology Integration Frameworks: A Case on Asia Pacific University of Technology & Innovation on the Adoption of Office 365 Education Platform & Cortana Intelligence Suite for Education." 8: 18-21.