Impact of Software in Developing Countries/Oil Producing Economies

Abstract

Developing countries are usually regarded as 3^rd world countries that are still emerging in terms of development. Some of these 3^rd world countries also have the natural resources (Crude Oil) needed to produce petrol and other petrochemical products. Crude Oil is a very significant raw material that generates wealth for any country where it is found. But, the degree of wealth generated would eventually depend on what quantity is available and how efficient the production process is. This paper specifically seeks to highlights the possible impact of software in developing countries, it discusses some of the very best ways software could be used to create national cash flow, the study also pays attention to the impact of software in oil producing third world countries and how software could be used to improve the efficiency of oil production processes, from exploration to distribution.