Monday, May 25, 2020

The Long Term Effects Of Technological Advancement

The Long-Term Effects of Technological Advancement Now is the best time to be alive. With globalization, opportunity, equal rights, low crime rates, medicine and vaccines, the quality of life is at its peak. For example, the Ebola virus has run rampant in the media, contributing to an exceptional amount of awareness and causing many people to be proactive in trying to fight it. Swiftly engineering a vaccine requires biological chemistry research and technology. Without recent technological development in modern practices, a vaccine would take upwards of ten years, but according to Fox News, a vaccine for Ebola is currently ready for human testing. Societies that have the ability to create this vaccine can then share their discoveries with the entire world through advancements in transportation. Without the global mindset of these more advanced nations and their willingness to share their knowledge, third-world countries would never get this much needed vaccine. The progress of techno logy continually leads to better and better standards of living for each successive generation. The internet is a prime example of a technology that is adding to the human condition. It provides information, and the spread of this information is amazingly rapid. Online communities and forums are breeding grounds for new ideas. Up until this period in history, social relationships have been strictly defined by geographical limitations. As found by social psychologist Leon Festinger, best knownShow MoreRelatedThe Growth Model And Economic Growth1072 Words   |  5 PagesTalking about the Endogenous growth model, it clarifies long-run economic growth as radiating from economic activities that make new technological knowledge. Endogenous growth can be explained as long-run economic growth at a rate dictated by factors that are internal to the economic framework, especially those factors administering the opportunities and motivators to create technological knowl-edge. Over the long run, the pace of economic growth, as determined by the output per individualRead MoreToday s Relationship Of Education And Economy880 Words   |  4 Pagesknowledge.† One of the most fundamental building blocks of technological advancements in today’s society is the dependence on education. Creative Destruction, in simpler terms, is the persistent renewal of technology that constantly supersedes the previous forerunner. Many universities play a major role in research and innovation of all areas of study, one notably being technology. 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