Global Implications of Sustainability and E-Society Infrastructure in Developing Economies

Introduction

Globalization is not a reversible process, but it can be perceived as a favorable phenomenon with profound social and economic influences. The economic interests generate at the same time serious social contrasts due to open borders and liberalization of markets. Current trends of the economy include issues such as financial integration and liberalization but on a global scale. Unrestricted and unlimited access to broadband internet networks and multimedia communications systems raise a fundamental dimension of the digital age. Effectively, sustainability and E-Society infrastructure in developing economies cover a large field of academic and practical interest. A complex theoretical framework is required in order to define sustainability and its multiple socio-economic implications. The concept of sustainable development implies a very wide applicability. The major challenges of sustainable development is to achieve an implementation across government authorities, a wide range of civil society and other internal and external stakeholders. The conceptual approach of sustainable development is used in most areas of activity in order to achieve an optimal level of accountability on essential issues related to quality of life. Sustainability is intended to provide an optimal solution to negative phenomena such as massive exploitation of natural resources and the continuous degradation of natural environment. Sustainable development in the case of developing economies involves a balance between the needs of social systems and natural systems, as well as between the needs of present and future generations, according to the environmental preservation as it is undeniable globally unequal distribution of resources. On the other hand, in terms of private capital, large companies are investing heavily in other countries, including developing economies, thus becoming multinational corporations. Developing economy describes the economy of an emerging country and it is characterized by a lower standard of living, a lower Human Development Index (HDI) and a lower quality of life. Moreover, developing or emerging countries are characterized by an increased level of poverty, increased financial volatility, significant social inequity, a low level of industrialization, a fragile infrastructure, modest architecture of the health system, high fragmentation, a higher birth rate, inadequate education systems, a higher infant mortality rate.

In the context of globalization, multinational corporations arise because facilitate the transfer of technology and digitization of economies. However, it is important to reveal the fact that capital is significantly more mobile than labor. The real world and the virtual world are two realities separated by increasingly thinner line of, by reference to a digitized society. While digital boundaries become increasingly thinner, the social adaptation must fill the need of interaction between members of an E-Society. In this regard, sustainability highlights the to maintain a state of progress in the context of developing economies. Moreover, sustainability and E-Society infrastructure represent the fundamental elements in a very volatile framework given the very heterogeneous influencial factors. However, this phenomenon leads to a polarization of societies in rich societies and poor societies.

The concept of E-Society infrastructure highlights the very competitive and technological nature of modern day perspective. The E-Society infrastructure is based on a number of communication and technical devices in order to develop a sustainable environment. Practically, the E-Society infrastructure is based on mobile phone devices such as iPads, iPods, handheld tablet, notebook, mobile phones, mobile PC, smartphone and other portable accessories. Moreover, essential components of E-Society infrastructure include: wireless technology, social media technology (networking), satellite digital services, computer systems technology, multimedia technologies, information technology and others. An overview of E-Society infrastructure highlights the major role played by virtual reality (VR) technologies. In other words, the infrastructure provides essential support in order to make it possible to experience anything and anywhere. Nevertheless, the particularities of developing economies lead to a more realistic approach on long-term.