Authors : Adebola Adeniyi; Brian Akashaba; Omoniyi Aiyenuro; Oluwaseun Abiola

Volume/Issue : Volume 9 - 2024, Issue 10 - October

Google Scholar : https://rb.gy/am8zbj

Scribd : https://tinyurl.com/tzj6prax

DOI : https://doi.org/10.38124/ijisrt/IJISRT24OCT598

Abstract : Technology has become a major force behind economic development, especially in emerging markets where innovation can potentially play a transformative role. However, insufficient infrastructure, regulatory issues, and limited resources frequently make it difficult to strategically apply technology in these areas. By examining how technology investments can support long- term growth and address developmental difficulties, this review explores and suggests a systematic strategy for improving sustainable economic development in emerging markets through focused investments in technology. Technology investments can increase productivity, enhance social inclusion, and assist environmental sustainability when properly aligned with local economic goals and backed by enabling legislation. Development of infrastructure, investment in human resources, innovation ecosystems, and sectoral integration of digital technologies are among the important elements identified. Therefore, the study emphasizes how critical it is to approach technological investments holistically, incorporating social, economic, and environmental factors.

Keywords : Sustainability, Innovation, Technology, Emerging Markets, Investments, Economic Growth.

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