Discuss the economic impact of technological sophistication. Solution Economic impact of technological sophistication In past few decades, a rapid rowing literature has emerged, arguing that a key aspect of economic development and the growth process is an increase in the sophistication” of a countrys production, In export sophistication over the past years in low income countries and middle income countries . In particular, it describes differences in the performance of different geographical regions, as well as between natural-resource–rich and other economies. Sophistication In information technology In IT sector , There was a immense change and rapid growth of technology. From past two decades, Internet was commercialized nearly 18 years ago and now we are moving a bit faster than those old days Advancements in fiber optic s have also played a vital role in IT revolution. Fiber optics enables data rates, including voices in digital form, to be converted into tiny pulses of light and then transmitted at high speeds through glass fibers wrapped into large capacity telecommunication cables. Hundreds of thousands of miles of these cables were installed over the past ten years, boosting the speed and capacity of telecommunications networks. Sophistication In Government sector: The IT sector emerged some rapid changes in the government sector such as e-government, can enhance the efficiency and effectiveness of government services. E-government can also help achieve other important goals of good governance, such as transparency and reliability. Access to official information is critical to ensuring that governments are accountable to citizens—that they are responsive to citizens and that they are doing what they are obligated to do under law. Sophistication InExports and manufacturing Industry China had become relatively sophisticated in manufacturing, whereas India produced relatively sophisticated services, even controlling for income levels. composition of service exports moved away from traditional activities to modern activities like business services and computer services. As a result, service export sophistication grew relatively fast in India. Sophistication In Education : IT improves educational opportunities by enabling educators and students to overcome barriers of distance and by enhancing the content of instructional materials. The use of IT to deliver lessons or training from instructors in one location to students in another is called \"distance learning.\" Distance learning has been around for a long time. For many years people have listened to recordings of classroom lectures or other educational presentations, and millions of people have watched educational programming on public televisions channels. Most colleges and universities across the United States offer some online course offerings. In 2016, the latest development is the rise of Coursera, which offers free online courses from elite universities, such as MIT and Harvard.

1. Discuss the economic impact of technological sophistication.
Solution
Economic impact of technological sophistication
In past few decades, a rapid rowing literature has emerged, arguing that a key aspect of economic
development and the growth process is an increase in the sophistication” of a countrys
production,
In export sophistication over the past years in low income countries and middle income countries
. In particular, it describes differences in the performance of different geographical regions, as
well as between natural-resource–rich and other economies.
Sophistication In information technology
In IT sector , There was a immense change and rapid growth of technology. From past two
decades, Internet was commercialized nearly 18 years ago and now we are moving a bit faster
than those old days
Advancements in fiber optic s have also played a vital role in IT revolution. Fiber optics enables
data rates, including voices in digital form, to be converted into tiny pulses of light and then
transmitted at high speeds through glass fibers wrapped into large capacity telecommunication
cables. Hundreds of thousands of miles of these cables were installed over the past ten years,
boosting the speed and capacity of telecommunications networks.
Sophistication In Government sector:
The IT sector emerged some rapid changes in the government sector such as e-government, can
enhance the efficiency and effectiveness of government services. E-government can also help
achieve other important goals of good governance, such as transparency and reliability. Access
to official information is critical to ensuring that governments are accountable to citizens—that
they are responsive to citizens and that they are doing what they are obligated to do under law.
Sophistication InExports and manufacturing Industry
China had become relatively sophisticated in manufacturing, whereas India produced relatively
sophisticated services, even controlling for income levels. composition of service exports moved
away from traditional activities to modern activities like business services and computer
services. As a result, service export sophistication grew relatively fast in India.
Sophistication In Education :
IT improves educational opportunities by enabling educators and students to overcome barriers
of distance and by enhancing the content of instructional materials. The use of IT to deliver
lessons or training from instructors in one location to students in another is called "distance

2. learning." Distance learning has been around for a long time. For many years people have
listened to recordings of classroom lectures or other educational presentations, and millions of
people have watched educational programming on public televisions channels. Most colleges and
universities across the United States offer some online course offerings. In 2016, the latest
development is the rise of Coursera, which offers free online courses from elite universities, such
as MIT and Harvard, reaching more than one million registered students in 2016.This directly
impacts on economic growth in the Education field.