Technology and Externallities

TECHNOLOGY AND EXTERNALITIES

CHAPTER 1: INTRODUCTION

1. Introduction

This section explains the details on overview of the relationship between the technology changes and the four selected energy consumption, including energy use, research development, gross domestic profit (GDP) and carbon dioxide emission in developing countries. Also it contains the background of study, problem statement, research objectives, scope of study and hypothesis of research questions.

1.1 Background of the study

The use of technology began from the conversion of natural resources into simple tools. The pre-history discover of how to control fire and later on the Neolithic Revolution increased the available sources of food and the invention of the wheel and vessel helped human to travel and control the environment. Technology is one of the collection of techniques, skills, methods and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation. Technology can be the knowledge of techniques, processes, or it can be embedded in machines, computers, devices and factories, which can be operated by individuals without detailed knowledge of the workings of such things. In record, technology become more advance from day to day. Many country were fight for the new technology development to make daily routine become easier.

Developments in historic times, including the printing press, the telephone, and the Internet, have lessened physical barriers to communication and allowed humans to interact freely on a global scale. The steady progress of military technology has brought weapons of ever increasing destructive power, from clubs to nuclear weapons. But, without realising, the technology become ruin their environment on earth. Technology has many effects. It has helped develop more advanced economies and has allowed the rise of a leisure class. Many technological processes produce unwanted by products, known as pollution, and deplete natural resources, to the detriment of Earth's environment. Various implementations of technology influence the values of a society and new technology often raises new ethical questions. Examples include the rise of the notion of efficiency in terms of human productivity, a term originally applied only to machines, and the challenge of traditional norms.