From day to day, our world has been changed gradually from one condition to another. New ideas always come up to the minds of every people to make the living better. We cannot imagine the world without technological advances such as computer, televisions, machines and so on. There is no question that such devices have enriched our lives making them infinitely easier, but all too often we overlook the negative aspects of living in such a digital world. However there are some advantages and disadvantages of technology.
Replay takes away the human aspect to make the game fairer for both teams. Major League Baseball had started down the slippery slope of how to make the game fair. Now that replay is in, there soon won’t be a job for umpires. Balls and strikes will be calculated on a computer. Once baseball hits that mark, the sport might as well be dead.
Technology has become almost a basic factor in our lives. Everything is mostly based on technology. And the more it gets easier, the more it gets addictive. We naturally tend to do what makes our lives feel better. Having technology around us all the time makes us used to it that at a certain point we couldn’t imagine our lives in its absence.
The lives of people in the past were difficult. They were working non-stop. They were using simple tools. However, these practices become a lot easier with the sudden development in the world and rise of inventions especially in 20th century. One of the best inventions which has become essential in this century is called “technology”.
The Impact of Technologies in the Global Economy i. Technological changes has enabled the growth of global markets, due to the presence of telecommunications and transportation (reduced distance and time). Now companies can outsource their products and their manufacturing processes efficiently to various countries at once (Bisht & Belwal, 2001). ii. Some underdeveloped economies are not able to encounter these emerging technologies, due to their insufficient knowledge, capital and technical support to implement these technologies (Bisht & Belwal, 2001).
In recent years, we have recognized that as technology advances, many jobs that used to be done by the human hand are now replaced by industrial robots. As the technology advances, it is clearly seen that robots are smarter than the human, and are now capable of performing tasks at a greater efficiency than us. With this advantage of being more efficient, human jobs are slowly being replaced by robots, and it results in the increase in the unemployment rate. Though technological advances increases the efficiency of a nation as a whole, the real question is whether technological advances all together benefits or damages us more. As it is proven that robots are more efficient than human, many industries around the world began to introduce robots into their production line.
Technology has been part of our life in this modern age. In the past decade, development in technology had greatly improved our lives and a better understanding of our world. We can now live safer and have a convenient life due to the development of technology. However, the exponential growth of technology will eventually lead to some negative impacts in our life. As Ray Kurzweil, a computer scientist and futurist said: “Technological change is exponential, contrary to the common-sense ‘intuitive linear’ view”.
The seemingly superior position that humans think they hold over natural environments may have its origin from the historic turning point of human civilizations i.e. the Industrial Revolution. Since then, natural constraints on human growth have been rendered almost ineffective because of many scientific and technological innovations. Humans continue to flourish the population is growing in almost every part of the world. The more advanced a society is, the more it seems to detach itself from nature.
The development of technology has dramatically reshaped the society we live in. An enormous multitude of people worldwide employ and benefit from the modern-day technology, and of course, the unlimited opportunities it presents play a considerable role in virtually all spheres of human life. Technological innovations has really simplified the access to a good number of vital utilities people need in schooling, industry, health sector, communication, transportation, and many more. However, immoderate usage of technology has its downsides, too. Despite the fact that in many instances, the speed of completing tasks increases with the help of technology, most people never notice that technology has changed (and is still changing) our society for
All this because of emergence of new technology. Manufacturing Technology had lead to mass production an very easy task and it leads to saving the time and human energy which was earlier wasted but now with the help of capital intensive techniques human are able to multi tasking. Role of technology in economic development:- Importance of Technology :- In the present age technology is playing very effective role in increasing the rate of economic growth. Today each country considers it is the basic tool of economic development. Only capital cannot bring development in the country.