I am part of a generation of economists that grew up online. Thus, I have witnessed the growth promise and disruptive potential of Internet-based technologies driven by their capacity to amplify and propagate economic phenomena. I want to develop and test theories about the economy-wide impact of digital technologies. My (micro)empiricist side – built working with Amy Finkelstein at NBER and Edward Miguel at UC Berkeley – tells me to trust data more than anecdotal evidence. Simultaneously, my (macro)theorist side – developed at Universitat Pompeu Fabra (UPF), UC Berkeley, and LSE– reminds me to look at patterns in a system rather than in isolation. Combining my macro and development interests, I crafted a research agenda to explore the benefits and risks of mass digital adoption. For this proposal I received the ‘La Caixa’ Fellowship – Spain’s NSF-equivalent – to fund my future graduate studies in Economics, which I hope to have the chance to pursue at MIT.
Preparing for Spain’s Economics Olympiad during the Great Recession kickstarted my fascination with economics. Since then, my upwards path towards a PhD has been full of thrilling positive shocks. My latest jump has been thriving through LSE’s topology-intensive Real Analysis course, which has allowed me to retrospectively understand concepts seen throughout my education. Studying convergence rigorously made the asymptotic theory from UPF’s graduate metrics click; fixed points helped me understand the contraction mapping
The author then noted the positive ways the Internet has influenced his life. yet, when he states, “But that boon comes at a price,” his tone immediately changes from appreciative to concerned. This change in tone shows that Carr is beginning to dive deeper into his topic. Additionally, his positive section acts as a counterargument.
This definition conveys an idea of the extraordinary impact of digital divide on world society and economy. Indeed, it is the close interrelation between economy and technology that attaches such a worldwide significance to a single socio-economic occurrence, such as digital divide. Nowadays, communication technologies, strongly stimulating economic growth, are the grease, which helps the wheel of global economy go round. Internet, for instance, has revolutionized the way we trade,
Digital economy as a whole has changed a lot throughout history. Digital economy in the aspect
In her call to action, The People’s Platform; Taking Back Power and Culture in the Digital Age, Astra Taylor addresses underlying social and economic forces of the internet and differential perspectives towards it. Taylor discusses the new internet in which content is king and, people are now the product, this is called Web 2.0. She discusses this topic from a couple viewpoints; those who would believe that the internet is truly the new people’s platform and that it is the golden age of sharing and collaboration, called the Techno-optimists. The counterparts of this interpretation of the internet are what she calls the Techno-Skeptics, who have a similar mindset in that of Nicholas Carr, an author about technology in the modern age, with the
“Modern economies are highly dependent on information systems and networks connected to “cyberspace” a virtual world with a population of several billion and growing.”
The authors have done a good job supporting their claims by providing statistics and facts that prove them to be right. When discussing the impact of technology on the economy, they discussed GPT (General Purpose Technology). GPT is a term economist’s use for a small group of technological innovations that are so powerful that they interrupt and accelerate the normal march of economic progress. An example of a GPT is the computer. Something as profound and important as the computer has only gotten better and more valuable to people with time. Over time, the use of computers has enhanced tremendously. It is now used for anything and everything. Not just inside the home, but in businesses, in healthcare, in classrooms…the list goes on and on. Because of the impact the computer has had on society, it has driven people to further invest and make the computer even more powerful. That would be why it is considered a GPT. Brynjolfsson and McAfee continue on to discuss the impact of technology on today’s current economy, productivity and employment. It is mentioned that digital
Schmitt, J. & Wadsworth, J. (2002). Give PCs a chance: Personal computer ownership and the digital divide in the United States and Great Britain. London: The Centre for Economic Performance.
During the time period under discussion from the Regan Revolution to our current President Obama, one major historical turning point was the creation of the Internet. This vast network of linked computers that allowed information to be shared easily and instantly, propelled the information technology of personal computers and cell phones forward at high speed. (Schultz, 2011) The ways that the Internet has changed life in the United States over the past two decades is vast. The economy has widely changed in this new age of technology, American companies reached overseas
Two people walk down the street side by side, each looking down into his hands attentively. Both occasionally sneak glances upwards, so as not to run into anyone. They walk in silence until it is time for them to go their separate ways; they then mutter hasty goodbyes, and turn to face their pixelated companions once more. A seemingly morbid depiction, perhaps, but one that is increasingly more representative of our modern reality. In the PBS Frontline interview 'Digital Demands, ' Sherry Turkle, MIT professor and researcher, examines this new trend. Her sage advice to youth: tread carefully on the Data Highway, for its overages are far costlier than estimated. Turkle 's thesis: a lack of precise deliberation in the use of technology
crimes. The main theory is the economic success of wealth that is said to be the focus of digital
The modern digital age has unleashed a vast treasure trove of information to our fingertips, to rival the great Library of Alexandria from the age of antiquity. Driven and enabled by the worldwide web, a virtual world lacking in verisimilitude, seething with fake news, get-rich-quick schemes, and criminal enterprises. Indeed, a quote attributed to Henry Ford, the great American industrialist, perfectly illustrates the problem with technology now, “If I had asked people what they wanted, they would have said faster horses” ("Henry Ford, Innovation, and That “Faster Horse” Quote", 2017), when talking about the Model-T car. Or to put this another way, with all this technology available, are we using this in the right way to enhance and revolutionize
In the contemporary society, the use of e-commerce has gained much popularity among many nations globally. This has been enhanced by the use of digital media which, has to a large extent boosted the way such activities are carried out. E-commerce is the transaction by which individuals do the act of buying and selling of products and services through online platforms. This paper, therefore, sheds light on how digital media have influenced the field of e-commerce in the US, France, and German.
Outside of the classroom and the office, technology is still omnipresent. The internet, like most advancements and perhaps the best known example of modern technology, began at a military level (“Information Technology” 2) and wound up eventually landing in the laps of businesses and the common person. With this, the normal way of conducting business changed dramatically. Instead of physically exchanging money, it is now possible to use a website like PayPal to make transactions (Friedman 84). This transaction can occur from a computer, smart-phone, or some other electronic device, possible because an extraordinary amount of people, especially young adults, now carry them around constantly (Champy 1). It may have been inevitable, but it is still staggering to see how much these advancing technologies has become commonplace.
Castells, M., 2000. The Rise of the Network Society - The Information Age: Economy, Society and Culture Vol. I. Cambridge, MA; Oxford, UK: Blackwell.
This essay focuses on the impact that the interent has had on modern society. I will give a brief history of the internet, talking about its origins and the key developments that have occured up until now. Then look at how the internet has changed society so far, including how it has changed social interactions, e-commerce and jobs. Also discussing the advantages and disadvatages of the interent and if we are better of with the internet, how i think the internet will develop and finally drawing my own personal conclusion.