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The role of technology in the global economy
The role of technology in the global economy
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
The role of technology in the global economy
Technology has revolutionized the global economy in countless ways, creating new industries, transforming existing ones, and connecting people and businesses across the world. In this essay, we will explore the role of technology in the global economy and its impact on individuals, organizations, and society as a whole.
One of the most significant ways that technology has transformed the global economy is by creating new industries and enabling the growth of existing ones. The development of the internet, for example, has created entire new industries such as e-commerce, online advertising, and social media. These industries have created new jobs, new markets, and new opportunities for individuals and businesses.
Technology has also transformed many existing industries, making them more efficient, productive, and profitable. For example, advancements in robotics and automation have revolutionized the manufacturing industry, allowing companies to produce goods more quickly and at a lower cost. Similarly, innovations in transportation and logistics have made it easier for businesses to move goods and services across the world, increasing trade and economic activity.
Another important aspect of the role of technology in the global economy is the way it has connected people and businesses across the world. The internet and other digital technologies have made it possible for individuals and businesses to communicate and collaborate more easily, regardless of their location. This has greatly increased the efficiency of the global economy and has made it easier for individuals and businesses to access new markets and opportunities.
Technology has also enabled the development of new financial services and products, such as mobile payments, peer-to-peer lending, and cryptocurrency. These new technologies have increased access to financial services, particularly in developing countries where traditional financial services may be limited, and have created new opportunities for individuals and businesses to grow their wealth.
However, the impact of technology on the global economy is not without its challenges and potential downsides. One of the biggest challenges is the potential for job displacement, as automation and other technological advancements have made some jobs obsolete and have reduced the demand for others. Additionally, there is the potential for increased income inequality, as the benefits of technological advancements may be concentrated among certain groups, leaving others behind.
Another challenge is the potential for decreased privacy and security, as individuals and businesses increasingly store and share sensitive information online. There is also the potential for increased digital divide, as some regions and communities may not have access to the technology and infrastructure needed to participate fully in the digital economy.
In conclusion, technology has played a crucial role in transforming the global economy and continues to shape it in countless ways. From creating new industries, to transforming existing ones, to connecting people and businesses across the world, the impact of technology on the global economy is significant and far-reaching. While there are certainly challenges and potential downsides to consider, the overall impact of technology on the global economy has been overwhelmingly positive, creating new opportunities and driving economic growth and prosperity. The role of technology in the global economy will continue to evolve and shape the future in ways that we can only imagine, and it is important for individuals, organizations, and societies to be aware of these changes and to take steps to maximize the benefits and mitigate the risks.
The role of technology in the global economy
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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