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Effects of Emerging Technology on the Economy

Effects of Emerging Technology on the Economy

Q Requires Lopeswrite Assessment Description Write a paper (1,000-1,250 words) that discusses the following questions through your research and analysis on the effect of emerging technology on the economy in one of the three countries you previously selected in the Topic 2 globalization presentation assignment. Note that this assignment will be used as the basis for your Benchmark - Executive Summary assignment in Topic 8. 1. Define a current socioeconomic problem in one of the three countries you previously selected in the Topic 2 globalization presentation assignment. Refer to the “Socioeconomic Problems” resource for samples of socioeconomic problems. Who is affected by the socioeconomic problem? Where are the affected individuals located within the country? What are the resulting socioeconomic costs of the problem to the affected individuals? 2. What global or local technology is emerging that could be used to solve the problem? What are the costs associated with implementing the technology solution? 3. Apply the hype cycle and the 6 Ds of disruption model (also known as 6 Ds of exponential change) to the emerging technology. 4. To what extent will this emerging technology foster sustainability practices on the economy in the country? 5. Explain how an existing multinational corporation (MNC) in the country could solve the problem by implementation of the emerging technology while supporting sustainability practices. You are required to include a minimum of three sources with in-text citations and references. Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.

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The emerging technologies are at the forefront of shaping the way we work and live. Their effects are touching the creative economy naturally such as in music, journalism and art, etc. The virtual reality, augmented reality and even artificial intelligence (AI) and block-chain have all emerged as significant powerful forces in different lenses. These components are improving how information and communication is necessitated. Emerging technologies can therefore act as tools to transform the basic fundamentals of production and commerce. The breakthrough in technologies is essential and always stirs up on the challenges that machines bring to people when various jobs are lost to machines (Cagnan et al., 2019).