The purpose of this research paper is to analyze the extent to which technological progress has proven to be good for mankind. The advantages and disadvantages of technological progress are examined in the following sections based on the available literature followed by a conclusion regarding the overall impact of technological developments. The results from the study are important as they help to highlight the negative and positive influences that technology has had on mankind suggesting areas for possible improvement.
Advantages
1- World economy has grown considerably due to increase in productivity made by technology.
2- Technology has improved communications which has led to globalization.
3- Less developed countries like China and India have been able to improve their global standing due to the progress in technology and their adoption of the technology.
Disadvantages:
1- Environment has been polluted due to the technological progress.
2- The gap between the rich and poor has increased.
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