Are New Technologies the Most Significant Factors in the Development of Russian NICs

Topics: Quality of life, Human Development Index, Economic growth Pages: 2 (700 words) Published: March 17, 2013
Assess the opinion that new technologies are the most significant factor in the development of NICs. (10 marks)

New technologies can vary in understanding and form they can be understood as new medicines, new machinery or new ways to store high tech data. All these technologies hold a crucial and central part in the development of nations in particular NIC’s. These particular nations rely of rapid industrialization and continual growth, the only way they are able to maintain this is with constant research and discovery into unknown fields. Without Edward Jenner creating the small pox vaccine in 1796 arguably the United Kingdom would not have industrialized at the scale and pace that they did, similarly if China had been without the technology for large scale blast furnaces they would have been unable to industrialize at the rate they did. However is new technology the only factor for development in china? One could argue that more new political policies would increase standards of living for those in rural areas or that if they focused more on small-scale eco-friendly projects their development would be more sustainable. Russia, in the 1920’s, was ruled by a communist government and a dictator in the form of Joseph Stalin. 80% of government spending went to the military and thousands lived in absolute poverty. This was the case until 1928 when Gosplan, the state planning agency, drew up targets for production in accordance with Stalins main aim ‘To transform Russia into a modern industrial state’. Russia had the raw materials and the work force for this occur however most importantly, due to pre-existing inventions, they had the technology to increase output of raw materials by 30% between 1928 and 1937. It is evident that without the technology, used in heavy industrial cities such as Magnitogorsk, Russia would have been unable to convert raw materials and man power into development. The prevalent existence of TNC’s in the modern world emphasizes the...
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