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Innovation as a tool of development

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06.02.2024

THROUGHOUT history, societies have evolved in different ways, creating a complex mix of progress and inequality. A few regions embraced literacy and developed into industrial societies with metal tools, while others remained tied to non-literate farming techniques. The world today is still shaped by the historical choices of these societies, resulting in a significant divide between the Global North and the Global South. A stark contrast between the Global North and the Global South characterizes the contemporary era. The Global North consists of highly developed states that have achieved remarkable progress, prosperity and overall development. In comparison, the Global South is predominantly made up of developing and least developed countries, witnessing a decrease in different measures. The striking difference begs the question: what is the root cause of such a significant divide between these two regions?

Societies’ ability to adopt innovative tendencies holds the key. Innovation is what enables the creation of new ideas within a society. Nevertheless, certain prerequisites need to be satisfied for innovation to take birth. A society must prioritize equality as a fundamental requirement to allow innovative tendencies to take momentum. It requires creating inclusive societies with equal opportunities to promote prosperity and encourage innovation. In contrast, inequality serves as a barrier, restricting the support and opportunities for creative individuals. The difference in prosperity between the developed and the developing world lies in this hidden fact. The Industrial Revolution........

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