Technical and Economic Development in Pakistan (Essay-With outline)

Technical and Economic Development in Pakistan (Essay-With outline)

 Technical and Economic Development in Pakistan (Essay-With outline)

Outline:

1. Technology a key factor in economic growth

2. Prerequisites for effective use of modern technology

    -Socio-cultural pattern

    -Education

    -Capital formation

    -Strong entrepreneurship

3. Consideration for the adaptation of modern technology

    -Mass education

    -Local conditions

    -Difference in factors of production

    -Supply of machines and technicians

4. Conclusion

Pakistan needs economic growth for developing and possible only if we have more productivity. Technology plays a key role in economic growth. The more the economic growth and faster the rate of economic development. Pakistan needs to fulfill certain preconditions to the modern technology effectively.

Technological progress is not only a scientific phenomenon but sociological one as well. At first technology must be accepted mentally otherwise it will lead to lack of participation on the part of the people to adopt it. We have a custom-ridden and tradition bound society which is a big obstacle. This situation can overcome if technical education is provided. Qualified producers, administration and technicians are required to make the best of modern technology. Our population needs to be familiarized with the latest technology.

Modern technology requires heavy investment but Pakistan cannot afford to buy the modern technology. Capital formation should be increase to buy such technology. Pakistan and developing countries in the same stage of development should acquire a technology which requires less capital and more labour along with large scale of production. If the prerequisites exist, there are various important considerations which need to be kept in view while adapting to a technology.

The majority of people in Pakistan illiterate and their major occupation is agriculture. While adapting technology for the agricultural sector or the industrial sector, the education level of people matters a lot. Education is an indicator of a community’s conditions are necessary, its technology is to be adopted in Pakistan. Attitudes need to be changed so that a healthy environment for the technology prevails.

Want to read more essays? Click Here.

Factors of production very often distinguish one country from another. One country may have more natural resources while the other may be blessed with more land. It is essential to analyze the proportion of factors of production, so that a country is well aware of its inputs. A higher type of training needs to be imparted to the personal responsible for the planning and execution of advanced technology. Such education and training requires money and time. Initially technicians may be important from abroad. The ultimate solution to the problem is that training institutions and centres be established within the country. The Pakistan Steel Mills and Heavy Mechanical Complex, Taxila are playing a vital role in training and increasing the proficiency of labour in Pakistan.

Administrators play a significant role in spreading modern technology. Formal training is not very useful as the success of administrators depend on their actual experience. Entrepreneurs are the actual users of modern technology and they depend upon technological progress. They must possess basic knowledge to make the experiment worthwhile. Government policies should be long term and provide security to capital development planning should stimulate healthy completion. Modern technology and markets efficiently will find markets readily. If not, a few countries can join hands and establish some kind of a common market.