Role of Technology on International Trade

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Today’s society is very different from the society that was here hundreds of years ago. Society changes everyday as things progress. The world of today has transformed itself into a globalised village in which cultures have fused, borders have disappeared and the markets have become indistinguishable from each other, convergence of various technologies has led to paradigm shift. This process has also affected the global economy. Technology is great factor in the way things change. As technology advances the more ways we make our lives easier. Not only does it help with our daily routines, but technology also helps in making sure that we can live our lives longer than was possible before. Because technology has advanced it has also made it easy for the world to communicate with each other. For example: a doctor in the U.s is working on a cure but is not able to get the formula just right, and at the same time a doctor in Asia is doing the same thing. Before these two doctors would not have been able to collaborate with each other, but with the technology we have now they are. People now can also have a company anywhere in the world without having to be there.

Impact of Technology on Our Society
Think of the days when there were no computers and no modern means of transport. Human life was highly restricted due to the unavailability of technological applications. Daily life involved a lot of physical activity. Life of the common man was not as luxurious as that of modern times, but he was more active. Exercise was integrated into routine physical activities. It was contrary to the sedentary lifestyle of today, which leaves no time for exercise and fills days with inactivity and laze. Today we don't want to, and thanks to technology, don't even need to, walk, move around or exert physically to get things done. We have the world is at our fingertips. We think of technology as a boon to society. I am afraid; it's not completely a boon. The Internet has bred many unethical practices like hacking, spamming and phishing. Internet crime is on the rise. The Internet, being an open platform lacks regulation. There is no regulation on the content displayed on websites. Internet gambling has become an addiction for many. Overexposure to the Internet has taken its toll. In this virtual world, you can be who you are not, you can be virtually living even after you die. Isn't this weird? Children are spending all their time playing online and less or almost no time playing on the ground. Youngsters are spending most of their time social networking, missing on the joys of real social life. Think of the days when there were no online messengers, no emails and no cell phones. Indeed cellular technology made it possible for us to communicate over wireless media. Web communication facilities have worked wonders in speeding long-distance communication. On the other hand, they have deprived mankind of the warmth of personal contact. Emails replaced handwritten letters and communication lost its personal touch. With the means of communication so easily accessible, that magic in waiting to reach someone and the excitement that followed have vanished. Moreover, we have become excessively dependent on technology. Is so much of dependency good? Is it right to rely on machines to such an extent? Is it right to depend on computers rather than relying on human intellect? Computer technology and robotics are trying to substitute for human intellect. With the fast advancing technology, we have started harnessing artificial intelligence in many fields. Where is the digital divide going to take us? How is our 'tomorrow' going to be? 'Machines replacing human beings' does not portray a rosy picture, does it? It can lead to serious issues like unemployment and crime. An excessive use of machines in every field can result in an under-utilization of human brains. Over time, we may even lose our intellectual abilities. You know of the declining mathematical...
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