The 20th century has seen a lot of evolution in terms of communication-based, electricity-powered, and compact-sized products. In the current century too, the world is experiencing a constant growth in terms of technology and its applications. Undoubtedly, this has been possible due to constantly ongoing researches and an ever-increasing focus on the engineering practices in all nations.
People in the entire world, especially in the developing nations are realizing that the investments made in the betterment of education of science, technology, and engineering are of real importance and that they would yield much higher return of investment (ROI) in a long run. This fact can be very well illustrated by increase in the number of engineering colleges and institutes that are opened recently in almost all parts of the world. Also, the recent economic growth of south Asian countries also has the same reasons behind it, i.e. rapid development in technology. Several growing economies, such as China, India, and few of the African countries are today having their educated young generations as their core strength. This has been a direct outcome of the value the recent awareness of education in streams, such as technology and applied sciences.
On the other hand, the western countries are getting benefitted by these modern advancements in technology by being center of employment, centers of business, and by getting lowered costs for the services outsourced to the countries with lower per person incomes and cheaper currencies. Of course, another reason for this well-connected and an economically flat world is globalization that has resulted in an increase in collaboration and communication, and in turn, a more prosperous economical state.
Looking at it at an individual level, isn’t it almost unrealistic to think of a world without the things, such as mobile phones, Internet etc. that emerged merely a decade ago as a result of some brilliant researches in science and technology and now, are the necessities of our daily lives?