Technological differences and economic growth

Abstract

In a globalizing world economy, the reason for differences in economic growth and inter-country income inequality is explain in the grounds of technological differences. Technology develops and increasingly continued to evolve since the start of history of mankind but more development had been experienced in pass hundred years. The goal of science and technology is to enable enterprise and indi-viduals to use technology more efficiently, as this result to reduced costs and enhanced productivity gains allow everybody enjoy oppor-tunities driven by growth. These and many other ways is technology contributing to economic growth in developing and underdeveloped and developing countries. Taking into consideration between Gambia and Ukraine.