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ARTICLE · 30 MARCH 2023

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Technology Transfer-A Necessity For The Growth Of The World Economy

LEGALLANDS LLP
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It's really mind-bending to consider human development in relation to the passage of time. If the Earth was only 24 hours old, modern humans have been around since 23:59:59 – for just one second of time.

IndiaTechnology
Rajiv Tuli
Rajiv Tuli
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It's really mind-bending to consider human development in relation to the passage of time. If the Earth was only 24 hours old, modern humans have been around since 23:59:59 – for just one second of time. Despite this relatively short stint on Earth, human technological progress has been incredible.

Modern technology has paved the way for multi-functional devices like the smartwatch and the smartphone. Computers are now more powerful, portable, and faster than before. Technology has improved, sped up, and simplified our lives with all of these revolutions.

The first question that arises is what do we mean by the term "technology"? Technology, in the simplest terms, can be defined as "the medium of transforming an idea into reality". It entails the application of knowledge to reach specific goals in the most efficient and reproducible manner. Technology is instrumental in the evolution of mankind by resolving challenges faced by mankind.

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