Technology revolution 4.0 is a social-economic development solution for developing countries

Facing the inevitable development trend of the economy and the challenges posed by the requirements of building a digital economy, developing countries need to develop the country's socio-economic development. The technology revolution has pushed countries’ economies to grow in the direction o...

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Main Author: Kien Thi Pham
Format: Article
Language:Spanish
Published: Universidad del Quindio 2023-04-01
Series:Revista de Investigaciones Universidad del Quindío
Subjects:
Online Access:https://revistas.uniquindio.edu.co/ojs/index.php/riuq/article/view/1008
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author Kien Thi Pham
author_facet Kien Thi Pham
author_sort Kien Thi Pham
collection DOAJ
description Facing the inevitable development trend of the economy and the challenges posed by the requirements of building a digital economy, developing countries need to develop the country's socio-economic development. The technology revolution has pushed countries’ economies to grow in the direction of linking global economies. As a result, developing countries face many challenges in maintaining strong macroeconomics, controlling external debt and inflation, and investing effectively in infrastructure and technology capabilities that will contribute to productivity growth. The article uses analysis, comparison, and synthesis methods to clarify the role of the technological revolution on the economies of developed countries in controlling the macroeconomic environment and allocating resources. The article also describes the reality of the application of 4.0 technology in Vietnam to clarify other countries' transition from low-income to high-income status through technology application.
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spelling doaj.art-2ac7e55af25f470e8c54785b5065797c2023-04-28T21:07:01ZspaUniversidad del QuindioRevista de Investigaciones Universidad del Quindío1794-631X2500-57822023-04-0135110.33975/riuq.vol35n1.1008Technology revolution 4.0 is a social-economic development solution for developing countriesKien Thi Pham0University of Economics Ho Chi Minh City Facing the inevitable development trend of the economy and the challenges posed by the requirements of building a digital economy, developing countries need to develop the country's socio-economic development. The technology revolution has pushed countries’ economies to grow in the direction of linking global economies. As a result, developing countries face many challenges in maintaining strong macroeconomics, controlling external debt and inflation, and investing effectively in infrastructure and technology capabilities that will contribute to productivity growth. The article uses analysis, comparison, and synthesis methods to clarify the role of the technological revolution on the economies of developed countries in controlling the macroeconomic environment and allocating resources. The article also describes the reality of the application of 4.0 technology in Vietnam to clarify other countries' transition from low-income to high-income status through technology application. https://revistas.uniquindio.edu.co/ojs/index.php/riuq/article/view/10084.0 technology revolutioneconomy - societydeveloping country
spellingShingle Kien Thi Pham
Technology revolution 4.0 is a social-economic development solution for developing countries
Revista de Investigaciones Universidad del Quindío
4.0 technology revolution
economy - society
developing country
title Technology revolution 4.0 is a social-economic development solution for developing countries
title_full Technology revolution 4.0 is a social-economic development solution for developing countries
title_fullStr Technology revolution 4.0 is a social-economic development solution for developing countries
title_full_unstemmed Technology revolution 4.0 is a social-economic development solution for developing countries
title_short Technology revolution 4.0 is a social-economic development solution for developing countries
title_sort technology revolution 4 0 is a social economic development solution for developing countries
topic 4.0 technology revolution
economy - society
developing country
url https://revistas.uniquindio.edu.co/ojs/index.php/riuq/article/view/1008
work_keys_str_mv AT kienthipham technologyrevolution40isasocialeconomicdevelopmentsolutionfordevelopingcountries