Technology provides a new and effective tool for accelerating economic growth, and developing countries are embracing technology and education as the means toward attaining economic parity with the United States and other developed nations. Evidence suggests that this strategy is paying off. Developing countries are building a technology infrastructure and an educated workforce that will enable them to develop their economies at unprecedented speeds. Countries such as Mexico, China, and Brazil, which already have growing populations of technically literate workers, may eventually rival the United States in terms of economic prowess, similar to what Japan, Western Europe, and to some extent Korea have been able to do. The following facts are among those supporting this suggestion: (1) computer use in developing nations is increasing; (2) developing countries are acquiring more high-tech products; (3) urbanization foretells educational and economic growth; (4) literacy rates and postsecondary enrollments in developing nations are on the rise, and postsecondary enrollment growth rates in developing countries exceed those in the United States; (5) the economic growth rates in many developing countries have exceeded those in the United States; and (6) incomes rise as countries embrace technology. (Contains 15 figures.) (MN)