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Coupling of Economic Development and Technology Diffusion for Inclusive Growth to Meet the Challenge of Technology Implementation in Perspective

Coupling of Economic Development and Technology Diffusion for Inclusive Growth to Meet the Challenge of Technology Implementation in Perspective
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Author(s): Nirmalendunath Ghosh (Independent Researcher, Kolkata, India)
Copyright: 2020
Pages: 26
Source title: Leveraging Digital Innovation for Governance, Public Administration, and Citizen Services: Emerging Research and Opportunities
Source Author(s)/Editor(s): Nidhi Vij Mali (University of Mississippi, USA)
DOI: 10.4018/978-1-5225-5412-7.ch002

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Abstract

The chapter is devoted to clearly analyze economic development in the country that will usher economic growth in all goods and services to benefit all people for inclusive growth. The discussion justifies the concept by logical reasonings that technology acts as catalyst in accelerating economic development. A model has been shown to link technology, infrastructural development, and economic development with a mathematical model that establish a relationship between per capita income, capital investment, labor, and economic growth. For this purpose, economic resources and infrastructure development have been discussed with logical sequence by exemplifying the economic status of different states in respect of energy sector which is the main driving force of the economic development. Finally, strategy for implementation of technology diffusion in the system has been developed to meet the challenge of coupling technology with economic development.

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