logy, comes miniaturization. Because the size of the chips has decreased, so has the size and weight of computers and phones. Since there is less material used to make the product, the cost is lower allowing for more profit. Advances in computer technology have greatly benefited wealthy countries and greatly hindered the economies of poor countries.Many foreign companies and countries are using the poverty of other countries to their own advantage. Most foreign firms pay their workers more than the national average of the country, although many times what the workers are paid is considerably lower than the average wage for the companies home country. Foreign companies are also creating jobs faster than their domestic counterparts, leading to higher poverty levels in the country because the profits of the company are not invested back into the - 8country where the company is located, but rather sent back to the home country. Most foreign businesses also spend heavily on research and development in the country where they are located; however, the benefits of the new, more advanced products are reaped in the home country. Foreign firms also export more than domestic ones, taking with the products, profit and future investment in the country (Foreign). Many countries’ economies are growing and expanding at the expense of smaller, poorer countries.Effective countries and businesses are not merely the most technologically advanced. They are also the ones who are constantly seeking to upgrade and improve their existing technology. The world’s poorer countries cannot afford, however, to upgrade their technology as often. Nevertheless, countries and businesses must always work to increase the speed of transactions, investment, production, and government. They must also learn to operate their existing software and networks at full potential before it is updated so that the efficiency is maximized.Low productivity within a...
