China’s upturn in electricity generation around 2000 leads the upturn in GDP by about five years and tracks ahead of GDP. The added electricity at least contributed to creating the added wealth and helped enable and sustain it.
In developing countries wealth creates electricity and not the other way round.
Can development be accelerated with added electricity? How could development be maximized?
Electricity, factories, public health and more productive farms need to be combined for development.
Factories are jobs and production which need stable electricity and markets to sell the goods.
Developing countries could add better communications (inexpensive smartphones).
Developing countries could use electricity to improve agriculture with irrigation and wells.
Developing countries could increase the efficiency and productivity of markets.
1. Poor health and low levels of education
People who don’t have access to healthcare or education have lower levels of productivity. This means the labor force is not as productive as it could be. Therefore, the economy does not reach the productivity it could otherwise.
2. Lack of necessary infrastructure
Developing nations often suffer from inadequate infrastructures such as roads, schools, and hospitals. This lack of infrastructure makes transportation more expensive and slows the overall efficiency of the country.
Additional energy and machinery could be used to build and improve roads.
Mobile medicine and online education could be used to help improve health and education.
Sanitation, clean water and basic public health would need to be addressed with electricity. Refrigeration for vaccines would improve public health.
Use electricity to fix the problems that already exist like insufficient food or less productive agriculture.
Irrigation and fertilization and better farming practices are generally needed in poor countries.
Develop the foundation where a poor country can produce more of what it needs and the exports that others want.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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