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  • Essay / Social Development and Investment - 1273

    Over the past few years, there has been a broad universal consensus that innovations in data and matching (ICTS) are a potentially effective instrument for promoting social and investment. This essay will discuss the importance of ICT for development projects. Through which four main ideas will be addressed, namely the importance of ICT, functionalism, community inequality and socio-economic development. It has been argued that several recent studies have described remarkable success in using ICT to help underserved communities and create new opportunities in developing countries. Yet these same studies often cite other examples of wasted resources and unmet expectations, of costly ICT investments that have done little to improve the lives of the target community. As a result, the early unbridled enthusiasm for ICTs in developing countries and the international development community is being replaced by a more pragmatic realism, which seeks to look beyond the hype and analyze how ICTs can be used judiciously and cost-effectively to promote development. While the debate on these issues continues, some studies have concluded that the social, monetary and administrative environment in which an ICT-based development enterprise takes place could be as decisive as the ICTs themselves for the ultimate victory of the company.ConclusionThe history of the improvement of ICT in the last decades has been a history of strengthening and development. ICTs have brought new opportunities to people of all ages and countries, enabling them to achieve more in less time and discover better approaches to transmission and development. The use of ICT has spurred astonishing profits and financial development... middle of paper ...... cement, creating nations will have to hold on until they cross the center of development of wages per capita and human improvement. Thus, emerging nations are trapped in the endless loop of low per capita wage which results in low level of information technology dispersion, leading to a shift towards low per capita wage and development. This is also supported by Hargittai (1999) in his study on the diffusion of the Internet in OECD countries. Therefore, ICT could be used to specifically impact the benefits, viability and cost intensity of business ventures, which is the focal point on which creative countries can build their economies. Matching developed economies in requisitioning engineering and realizing investment profits has never been more demanding. However, the consequences of not having the capacity to adopt ICT can also be shocking..