3 Review(s)

Nowadays, global societies are changing. Many developing countries, such as India, China, Korea, their societies are innovating and improving living standard to let their people to feel to live more comfortable and they can enjoy better material living from developing countries. Although, they can not whole change to achieve developed, such as US, UK, Canda etc. developed countries. But, they will have more effort to raise themselves countries people living standard. I believe that they will be possible to become developed countries in future one day, even for example, China will have effort to exceed US technology, farming, construction, business etc. different industries aspects. Our business society had developed long time from farming period to manufacturing period, then to service industry period, till to nowadays technology service and manufacturing period. It brings this question: Can technology or human behavior may influence economic development? Human ourselves foolish or enjoyment behavior whether which can bring economic recession? If human can forgive to do enjoyment behavior, we can help economic growth? What are the real factors to influence economic development ?I shall apply behavioral economic theory to indicate cases to attempt to explain these questions.