Assignment on Advancment of Information and Communication Technologies (ICTs)

Abstract of Information and Communication Technologies (ICTs)

The latest information and communication technologies (ICTs) are becoming popular all around the world because of their astonishing speed. As this technology was perceived as facilitating utensils as for the cost-effective growth and development, exclusively in economic backgrounds in the back word countries. They were comparatively easy and lowest in cost to embrace these technologies; only limited skills are required to operate these technologies. And they would be brought chances to take out the shortcomings from the society. They empower the acknowledgment as well as education to share and propagate the process of keeping all kinds of information. On the other side, the presence of postponement relationship between the performance of economy and dispersion of pieces of equipment were highly credible. In the world of globalization, the transformation between interconnected income variation and the growth rate of saving were explained through these technologies. The main aim of technology and science is to bring these technologies into organizations and to trained the employees to use these technologies more effectively. This will result in a decrease in cost and an increase in production.  To utilize these technologies would give new ways to enhance the output at low price in any organization. And for the accretion of investment, later on, the ICTs technique will help to expand the attractiveness in the Foreign race of individuals with other countries. And they would also need to increase the quality in research centers. Even though it is essential to contributing to the traditional and administrative expansion of cultures. The excellence of growth rates is as considerably outstanding as their size.

Introduction of Information and Communication Technologies (ICTs)

The progress of technologies and interminably continuous evaluation from the beginning of the history of human beings. The ICTs Techniques has been started in the era of 2000, and these technologies change the structure that can store the information on a large amount. In the previous century, the advancement of technologies and speed of transfer data relatively increased as compared to the earlier technologies. The technique involves the submission of science specifically for industrialized or profitmaking determinations and practices the scientific methods and resources to attain a profitable or for the manufacturing determination and making “revolutions” in the creations of machinery. The different manufacturing processes would be used to enhance the fabrication of products as well as there quality and worth to compete with other industries in the Markets, moreover to improve the profit for the company. This technology is not as complicated as we think, and it can be easily bought and sell. O that the transference of this technology is easy to move and does not need strength to be done, and these technologies are easily transmitted from one to another nation.

The primary purpose of ICTs is to provide a safe structure for the effective dispersion of technologies in all areas of the digital economy of Jordan. Therefore, inspiring savings are the leading source in the creation of the environment of business. And this will be attained only by inventing institutional capacity and on it can also be obtained by working on the principles of decision making in this process. The policy is based on the following sectors, such as exploiting digital strategies to encourage the use of informational techniques. The second is to attain the data saving and securing policy to protect the information policy. The third is to take the involvement of the private sector in the commencement and roles of knowledge station and post offices. Furthermore, to encourage the trade in areas of ICTs. In the fifth decrease, the consumption of paper in government sectors. In the six, take the policy of digitalizing in Jordan.

Development in technology is a significant factor in the enhancement of the growth rate of the economy at the initial level and increased the level of shares and profit in the organization. In society, social development happens when the technologies adopt the new technologies which were launched in the market and use them as per their traditional and social lives. It can be observed that the economy of Jordan following the innovative technologies which have been introduced in the world, and this innovation were strictly interrelated with the economy and its relationship with others. And the states who use ICTs techniques in their countries would give effectiveness and advancement, having the information of all sectors of the society. By using this technique, the community can develop new areas of employment in their countries. Despite this, the new regions also require fully trained workers. And it is compulsory to have reconsideration would be made regarding educational policies as well as make sure about the progress of human resources that they have such qualities that are needed and supporting the economic growth as well.

Literature Review of Information and Communication Technologies (ICTs)

Economic growth would be defined as the intensification in the goods and apparatuses, which would be used for the needs of humans in any sector or country. A process would be discus in the study to define the growth rates of the economy, which includes the inquiry of real profit in GDP and relates it with GDP rates of the previous year, which symbolizes the market correspondent of all measurable values which were developed by the economy. The leading three-pointers of economic growth are investment accretion, scientific developments, and intensification in the inhabitants and employees. Resources amassing were considered the elementary vibrant of profitable progression. The GDP growth rates of Jordan between the era of 2000 to 2009 were an average of almost 7%, but other than this from 2010 to 2016, the growth was decreased by up to 5 percent and remains only 2%. Moreover, the total population debit of Jordan’s enhances up to the rate of increased economic growth. This would be bringing out as the debt-to-GDP with the percentage of 85% at the end of 2016, associated with just about 51% in 2010.

The most significant situation to meet the guaranteed progress has the existence of appropriate investments. And the understanding of a venture is contingent on the proliferation in investments to be produced from the profits. As the additional indicator of economic growth, technical advances can be defined as the entire organization of statistics, association, and methods requisite in the construction progressions. It would be possible just with the help of ICTs techniques, which achieves the outcomes by using the same quantity, which was used in the inputs in the process of production. Here are the top five contributions which were made by Jordan’s in the government sector of GDP as well as industrialized, finance, tourism, hospitality, and transportation, respectively. Furthermore, Jordan subsidized a lot in the GDP, and they also contributed to employment sectors as well as Jordan provide constant currency and help a lot in the export of Jordan. To strengthen the economic growth of Jordan, progression strategies would be given in the subdivisions to encompassing the arrangement of policy reforms, tasks of government, and stock prospects that were presented in this study. These intermediations would be able to realize the potential growth of Jordan, which was then turned into practical contentment of the IMF’s EFF program. As was described in the picture above, the current economy of Jordan has been presented by the finance and services of the government. Except for all these, the essential growth of engine in the coming years the government remains under pressure for more financial contraction. And this may move to almost 55% of the economy, and this mainly paid attention to productive areas to increase the growth in the marketplace.

And this will definitely bring savings in the areas of employment. And this financial indicator is the reason behind the enhancement in population as well as in the workforce. The increase in society will result in the same rise in employment, and this would be the primary motivator of growth in the economy.

Theories on economic Growth of Information and Communication Technologies (ICTs)

In this theory, it was defined that through which sources the economic growth was changed in the history of economics. The strengthening enhancement in the state’s treasury had been taken, based on mercantilism, and the situation that distributes the volume was most significant then that of the expected value of import was the general rule for growth.

Physoiocracy avail the chance of a fast change of technology for the supportable production in most of the countries. And the other areas were also attaining the rapid shift in technology to address the challenges related to social, environmental as well as economical. The UNCTAD Secretariat referred a form to all state members of CSTD and UN Regional Commissions petitioning efforts for research, learned lessons, and superlative rehearses on the influence of speedy scientific modification in justifiable improvements. Three UN regional commissions and eleven countries answered all the applications that were included in the case study of SDGs such as( sophisticated work and economic growth, health, changes in substructure, industry, education, agriculture, and supportable societies and cities). Transversely an assortment of technologies including 3D printing, artificial technology, nanotechnology, big data and robotics, biotechnology, and blockchain. And these techniques were based on the results that give the additional study which was accompanied by the UNCTAD Secretariat; this section offers samples of in what way rapid scientific modification can subsidize to justifiable progress. The idea of continuing the natural order.

As the primary division of the frugality, agronomy provides the means for growth. This would partially accept the significance of productiveness and did not give any reputation to the market. The primary purpose of the theory was to produce the significant growth of the economy at the end of the 18^th century and the start of the 19^th century, and the approach was presented by A. Smith, R. Malthus and D. Ricardo. This theory is based on the perspective of the increased population was obtain from the income level per person. The classical growth theory was prominent when most of the people worked on the breeding of animals in agriculture in the 1770s. The operational circumstances of the individuals working on the reproduction of animals in the field of agriculture were exacting and the level of income was low. In the meantime,  productivity was also increased in agriculture by using these advanced technologies. And these techniques also cause an increase in the process of production, and this increase in production also enhances the number of employees in the agriculture field. And these changes resulted in people starting the migration from villages to cities, and it seemed as enhancements in the wealth. On the other side, the classical economist has faith that an increased in the level of wealth would not remain constant for the individual. And it was also observed the decreased in the birth rate in the last few years in western countries, and the price of the increasing population was slow down. And many other reasons were also presented as a chance of an increase in workforce and salary rates for women. The outcome of this will be received as declining in the population rates of increased expenditures needed to raise a child and this will cause families to have fewer children. This will also lead to a decline in birth rates. The difference between relation and growth rate of population and growth rate of original income provides the significances, and not to confirm the opportunities of classical economist. As it was stated according to the principle of growth rate the new-classical theory of technological revolution caused due to an increase in capita per person would be referred to as the funds per person which encourage the person and persuade toward investments and savings and this would b result in as causes an increase to actual GDP. If the transference of scientific techniques finishes, the process will automatically be stoped. The Schupmter is the one who presents the framework regarding the above concept and from then he was known as the First economist. And he was the First who secure the idea of advanced technologies, and its expansion would have a positive impact on the growth of the economy. This concept of Schmpter would be put forward. It can be taken as an evolutionary process in the invention of innovative demolition and this destruction weakens the sectors related to the development of new technologies and innovates new industries in the market of the economy. And this procedure is associated with scientific advancement and this would be defined as the structural changes in economic growth. According to the perspective of Schumpeter, technology can be referred to as an exterior concept and this has been appraised by the neo-classical method. The industries purchase these technologies for them to monitor the effectiveness of this technological advancement. so that, Schumpeter thinks and expand these sectors of technologies and then define the originality of concept, as the utilization of the latest scientific method in the making of products. As well as they also contain some different procedures such as the creation of new products and launching the latest markets. And these most recent markets contribute a lot to inventing new technologies, would also be benefited for the organizations who were searching for new ways for their raw materials. All the above mention are the reasons which were affecting the techniques and as well as it also creates hurdles in the production of products. And this will also include the manufacturing process of firms, and the capability of the unit of output of raw material, size of the targeted content to supply in the market, quantity, and quality of used energy should also be measured, nature, scope and volume of the business which was generated as in the result of input would be received as the necessities of moderate-furnished material, and the manufacturing level of the structure provides the facilities and leave their mark on the country in which they developed the technology. And it would be impossible for the technology to remain constant and unbiased in economic conditions as well as in society also.

Estrangement of workforce and Technology

Despite all the questions of occupation and salaries, the scientific methods bring revolutions and uncertainties about the nature of work and the Estrangement of the workforce. Before the rebellion of the industry, and between the commending the values of specialization. As Adfam Smithy proposed the Admonished against the effects of the process, as Adam wrote in his book, “ The Man whose whole life is spent in performing a few simple operations . . . generally becomes as stupid and ignorant as a human creature can become.” Karl Max knows more than Smith as the criticizers of industrialization, disputed that the concept of a consumerist system isolates the person from himself and also from others as well. In the Manuscript of philosophical and economic of 1844, Mark wrote, “ The height of this enslavement is the only a worker and he continues himself as a mortal subject, and this would only a physical subject and pertained himself as he was the single worker. This concept of individualism was treated persons as they were devices who were working in the machine. Moreover, Thomas reflected in his idea about Jefferson’s rosy opinions about the “yeoman farmer” provide the basis for democracy: “Those who employment on the ground are the who were chosen by God, whose breasts he has made his strange payment for extensive and unaffected benefit.”

Developed Country made transference of technology for the developing countries, to determine the effect of insufficient production of products and disparity of proceeds in these underdeveloped countries. The technique capital-intense would be transported in contradiction of high expense in established countries, and this will then result in unemployment. As well as on the other side, the country needed the well-experienced workers for their organization. And select the workers who provide the country with the mechanical volume. And the undeveloped countries required to have ICRs technologies to get better the manufacturing of products and trained their employees on how to operate these technologies to enhance the quality work in the Firm. This revolution can be just made for western countries because they are creating problems. And another purpose of this study is to facilitate modern societies to agreement monetary and social progress in improving the level of prosperity.

The Endorsement of Information and Communication Technologies (ICTs)

There are many reasons presented to increase the manufacturing of products for the selected duration of time, which characterizes the progression in that budget. Growth would be taken ain many differences in the economy of a country. Still, it would not consider into deliberation those dissimilarities that would not be explained in numbers in the financial, public, commercial assemblies, and other configurations. At this point, the source of the intensification in the construction of merchandise and amenities would be referred to as an enhancement in the capacity of manufacturization. Under-developed or new republics should be attempted to construct their technical and mechanical abilities to make their skills conferring to the communal and monetary circumstances of their states.

The technical conversion did not mean that these technologies achieve the process not to make the population productive. Still, the aim of obtaining these technologies into the country is to make your people experienced to know to operate all kinds of techniques in every field where these technologies need to be used. All technologies have negative as well as positive consequences; negative consequences may include pollution in the natural environment and may be harmful to the country, and these technologies need to use natural resources, and this may lead to having a decrease in natural resources. The rapid use of natural resources may lead the country toward threats and conflicts between the habitats in the future. In recent years the United States of America facing the problem of how to modify the use of technology to increase the economy in the service of industry. The primary aim of the study is to find and clarify the impending signing of these inclinations, which were exaggerated by each other in the next time. It is not a novel concept of Technological revolution and its use in the workplace.

Conclusion of Information and Communication Technologies (ICTs)

Scientific technologies can change the lives of individuals and the use of these technologies become the most popular Nowadays. And these technologies will play a practical impact on the lives of individuals and in the industries of the relevant country. This technological development also increases the growth rate of the economy. Besides this, this advancement can also bring a change, as they increased the wealth and revenue of the individuals. The main aim of this research is to identify the positive outcomes and its benefits to use ICTs technique in your firm,  as this technique involves the submission of science specifically for industrialized or profitmaking determinations and practices the scientific methods and resources to attain a profitable or for the manufacturing determination and making “revolutions” in the creations of machinery. The different manufacturing processes would be used to enhance the fabrication of products as well as there quality and worth to compete with other industries in the Markets, moreover to improve the profit for the company.

Furthermore, different concepts would discover that explains the economic growth rate. A process would be discus in the study to define the growth rates of the economy, which includes the inquiry of real profit in GDP and relates it with GDP rates of the previous year, which symbolizes the market correspondent of all measurable values which were developed by the economy. And as well as theories suggested who support the concept of economic growth in any organization. According to the perspective of Schumpeter, technology can be referred to as an exterior concept and this has been appraised by the neo-classical method. The industries purchase these technologies for them to monitor the effectiveness of this technological advancement. so that, Schumpeter thinks and expand these sectors of technologies and then define the originality of concept, as the utilization of the latest scientific method in the making of products. The countries had to originate real assistance (growth) from industrial advances by supportive and circulating the constructive characteristics of this development and lessening its undesirable influences.