Technological Progress Under Globalization and Its Influence on Economic Development in Developing Countries

The effective role of technological progress in the process economic development has been quite vivid. What proves that theoretically and practically is what has taken place in the southern and eastern Asia during the past decade of the 20th century, as the exports and imports of these countries, in the light of global open economy, had the great effect in speeding up economic developments in this region by joining the economies of southern and eastern Asian states with the multinational companies which endeavoured and are still endeavouring to achieve the objective despite the fact that this will benefit or do harm to the developing states. This is what has happened to these states which were overwhelmed with embarrassment and regression, and economic development was affected in the following years.