In the study of economics and politics, an emerging nation is a developing nation which is beginning to demonstrate significant industrialization. This term is often used to indicate an intermediate stage/level between a developing nation, which often lacks significant industrialization, and a developed nation, which usually has a high Gross Domestic Product (GDP) and a high level of industrialization.
Technology as we know it could significantly increase the Gross Domestic Product of any country be it developed or a developing nation, though the relatively presence of technology do not necessarily correspond to increase in the level of either urban or rural industrialization. It influences on the various aspects of the society varies, while it is known to have a good influence on education, personal relationship, economics, as well as human rights and rule of law, though concerns are that the internet has a negative impact on politics, and morality to be precise. However, those who are highly educated are more likely than not say the growing use of the internet is a good influence in these nations.
Getting access to financial services can be a path out of poverty, and technology has made tremendous strides in creating what we know as economic sustainability. The number of “unbanked” adults dropped by 20% from 2011 to 2014, and developing countries had a 13-percentage increase according to a 2014 World Bank report mainly due to mobile money services. The financial institutions efforts in banking the “unbanked” had ushered in a stream of technological applications in a bid to increase ease of banking.
As the use of mobile phones and access thereof becomes prevalent in emerging nations, they tend to give more people access to technology and vital information about their health. A major factor in health issues across developing nations is simply a lack of knowledge and awareness. The invention of mobile health technologies gives many people an unprecedented access to resources on life-threatening diseases. Information could also be sourced from competent personalities in this field on the various social media apps.
Though many in the developed nations take for granted basic things such as clean water, more than 1.8 billion people lack a dependable source of drinking water, according to the World Health Organization (WHO), even more, about 2.4 billion have inadequate sanitation facilities.
These numbers are greatly being reduced through various projects, such as building piped connections, protected wells, boreholes. The effect of oil spillage on the environment for both immediate and long-term effects are also being reduced greatly through technological innovations.
Many tech companies have started initiatives to provide affordable technology to children in developing areas to help bridge the digital divide. These tools have helped improve the quality and access to education, information could easily be gotten at your convenience.