Technology surge
By: Emilie K.
Scientists say juggling e-mail, phone calls and other incoming information can change how people think and behave. They say our ability to focus is being undermined by bursts of information. (Ritchel)
Claim
How does technology production and consumption effect a nation's economy? Whether or not a country, region, or nation is successful in using the technology market to better their economy is dependent on a variety of factors such as the amount of innovators and material, the greater need and want of consumers, and the advancements made by a nations companies.
Causes"What we learn is that the United States, Japan and Germany are overwhelmingly the major sources of innovation in the world economy." (Eaton)
The production of technology effects all countries. Whether it is a positive or negative is another story. The United States, Germany and Japan are the major sources of innovation in the worlds economy. They are the first, third and fourth largest economies world wide. Coincidence? I think not. A country who can produce innovators and engineers, is a country who can expand their economy. Money. If a country can't afford to buy your product, it won't get you anywhere. The United States, China and Japan can afford the newest and most advanced technology. This can not only help the nations economy, but it increases the economy. |
Short-Term EffectsTechnology is everywhere we turn. This website was used on a computer manufactured in Japan and sold in the United States. It was bought with a credit card ran through a card reader who then sends that information through the internet. Your balance on your credit card can be shown on your phone. Technology is EVERYWHERE and is not going away anytime soon, if ever. This obsession with technology is a negative effect for everyday people. All of this technology effects almost every aspect of our everyday lives. For the companies who produce and sell us our cell phones, computers, TV's and mp3 players, this is a huge gain.
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Long-Term EffectsDuring the surge of technology due to production and major consumption of new technology from 2000 to 2012, the economy of many countries flew. The ability to make goods gets cheaper and raises the wealth of society. Why are we one of the top economies in the world? Technology. Although this isn't the only reason for our strong economy, it is a major factor. Below is the growth of the top 3 countries economies from 2000 to 2012.
(GDP in trillions of U.S. dollars) United States: $10 --> $15.7 China: $1.2 --> $8.3 Japan: $4.7 --> $6 (Bergmann, CNN Money) |
Recommendations
Nations and companies can use technology in their favor to increase their economy. One way
is robotization "the act of turning a human into a robot". Robots don't need a salary, they can work overnight and on holidays, they won't go on strike or be late, they take up less space and don't need breaks, and they can be bought not only by big companies such as automotive companies, but by smaller companies too.
"A wheezing economy, a dearth of college engineering students, sagging high school math and science scores, and sinking research-and-development investments have heightened concerns about the USA's ability to compete with rising powers China and India. By Goldman Sachs' estimate, the Chinese economy will overtake the U.S. economy by 2027 and almost double its size by 2050." (Swartz, USA Today)
Another recommendation is to produce engineers and innovators, encourage math and science programs. Not only does a nation need these but they also need to be able to trade. We all know that just because it's made in one country, doesn't mean it's going to be sold in that same country. Everyday we see Toyota, Volkswagen, Mazda and Honda cars. Those are made in Germany and Japan and sold here. The more inventions and advancements a country has, the more money they're going to make.
is robotization "the act of turning a human into a robot". Robots don't need a salary, they can work overnight and on holidays, they won't go on strike or be late, they take up less space and don't need breaks, and they can be bought not only by big companies such as automotive companies, but by smaller companies too.
"A wheezing economy, a dearth of college engineering students, sagging high school math and science scores, and sinking research-and-development investments have heightened concerns about the USA's ability to compete with rising powers China and India. By Goldman Sachs' estimate, the Chinese economy will overtake the U.S. economy by 2027 and almost double its size by 2050." (Swartz, USA Today)
Another recommendation is to produce engineers and innovators, encourage math and science programs. Not only does a nation need these but they also need to be able to trade. We all know that just because it's made in one country, doesn't mean it's going to be sold in that same country. Everyday we see Toyota, Volkswagen, Mazda and Honda cars. Those are made in Germany and Japan and sold here. The more inventions and advancements a country has, the more money they're going to make.
Works Cited List
Bergmann, Andrew. "The New Global Economy." CNNMoney. Cable News Network, n.d. Web. 06 Feb. 2013. <http://money.cnn.com/news/economy/world_economies_gdp/>.
Birdman, Harvey. "The Effects of Technology on Economics." The Effects of Technology on Economics. N.p., n.d. Web. 01 Feb. 2013. <http://focus.osixs.org/post/2011/11/19/The-Effects-of-Technology-on-Economics.aspx>.
Eaton, Jonathan. "Technology and the Global Economy." The National Bureau of Economic Research. N.p., n.d. Web. 31 Jan. 2013. <http://www.nber.org/reporter/summer99/eaton.html>.
Florida, Richard. "The World's Leading Nations for Innovation and Technology." - Technology. N.p., 3 Oct. 2011. Web. 29 Jan. 2013. <http://www.theatlanticcities.com/technology/2011/10/worlds-leading-nations-innovation-and-technology/224/>.
Howard, Clark. "Measuring Technology's Impact on Our Economy." Technology Has Had a $500 Billion Impact on Nation's Wealth. N.p., n.d. Web. 01 Feb. 2013. <http://www.clarkhoward.com/news/clark-howard/economy-market-trends/technology-has-had-500-billion-impact-nations-weal/nCXwS/>.
"HP - United States | Laptop Computers, Desktops , Printers, Servers and More." HP - United States | Laptop Computers, Desktops , Printers, Servers and More. N.p., n.d. Web
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Orfano, Finn. "Information Technology Spending By Country." Bright Hub. N.p., 2010. Web. 06 Feb. 2013. <http://www.brighthub.com/computing/hardware/articles/80611.aspx>.
Pink, Daniel H. "Abundance, Asia and Automation." A Whole New Mind: Why Right-brainers Will Rule the Future. New York: Riverhead, 2006. 37-39. Print
Richtel, Matt. "YOUR BRAIN ON COMPUTERS; Hooked on Gadgets, and Paying a Mental Price." The New York Times. The New York Times, 07 June 2010. Web. 31 Jan. 2013
"Samsung US | TVs Tablets Smartphones Cameras Laptops Refrigerators." Samsung US. N.p., n.d. Web. 29 Jan. 2013
Swartz, Jon. "USA TODAY." USATODAY.COM. N.p., 10 Nov. 2010. Web. 10 Feb. 2013. <http://usatoday30.usatoday.com/tech/news/2011-11-09-tech-frontiers-innovation-economy.htm>.
Bergmann, Andrew. "The New Global Economy." CNNMoney. Cable News Network, n.d. Web. 06 Feb. 2013. <http://money.cnn.com/news/economy/world_economies_gdp/>.
Birdman, Harvey. "The Effects of Technology on Economics." The Effects of Technology on Economics. N.p., n.d. Web. 01 Feb. 2013. <http://focus.osixs.org/post/2011/11/19/The-Effects-of-Technology-on-Economics.aspx>.
Eaton, Jonathan. "Technology and the Global Economy." The National Bureau of Economic Research. N.p., n.d. Web. 31 Jan. 2013. <http://www.nber.org/reporter/summer99/eaton.html>.
Florida, Richard. "The World's Leading Nations for Innovation and Technology." - Technology. N.p., 3 Oct. 2011. Web. 29 Jan. 2013. <http://www.theatlanticcities.com/technology/2011/10/worlds-leading-nations-innovation-and-technology/224/>.
Howard, Clark. "Measuring Technology's Impact on Our Economy." Technology Has Had a $500 Billion Impact on Nation's Wealth. N.p., n.d. Web. 01 Feb. 2013. <http://www.clarkhoward.com/news/clark-howard/economy-market-trends/technology-has-had-500-billion-impact-nations-weal/nCXwS/>.
"HP - United States | Laptop Computers, Desktops , Printers, Servers and More." HP - United States | Laptop Computers, Desktops , Printers, Servers and More. N.p., n.d. Web
"Information And Communication Technology Spending Current Statistics - Countries Compared." Graph. NationMaster.com. NationMaster, 2009. Web. 06 Feb. 2013. <http://www.nationmaster.com/graph/med_inf_and_com_tec_spe_cur_us-communication-technology-spending-current-us>.
Orfano, Finn. "Information Technology Spending By Country." Bright Hub. N.p., 2010. Web. 06 Feb. 2013. <http://www.brighthub.com/computing/hardware/articles/80611.aspx>.
Pink, Daniel H. "Abundance, Asia and Automation." A Whole New Mind: Why Right-brainers Will Rule the Future. New York: Riverhead, 2006. 37-39. Print
Richtel, Matt. "YOUR BRAIN ON COMPUTERS; Hooked on Gadgets, and Paying a Mental Price." The New York Times. The New York Times, 07 June 2010. Web. 31 Jan. 2013
"Samsung US | TVs Tablets Smartphones Cameras Laptops Refrigerators." Samsung US. N.p., n.d. Web. 29 Jan. 2013
Swartz, Jon. "USA TODAY." USATODAY.COM. N.p., 10 Nov. 2010. Web. 10 Feb. 2013. <http://usatoday30.usatoday.com/tech/news/2011-11-09-tech-frontiers-innovation-economy.htm>.