Technological Transformations of Society Essay Example | Topics and Well Written Essays - 2750 words - 1

Technological Transformations of Society - Essay Example As the above definition explains, technology is about applying technical means to life. In today’s developing world, technology is all around us. Its presence can be felt in almost all fields of life. Social Networking is no exception. In fact the term social networking itself is a product of innovative technology. Social networking means to socialize via a network which is mostly done online, using some supporting platform. Most social networking websites enable the creation of a personal profile, where members of the network or ‘online family’ can feed their basic information and photographs etc. the members can then connect with other members on the website via platforms associated with these profiles. According to one definition, social networks are: â€Å"Web-based services that allow individuals to construct a public or semi-public profile within a bounded system, articulate a list of other users with whom they share a connection and view and traverse their list of connections and those made by others within the system. The nature and nomenclature of these connections may vary from site to site.† 2 Face book is one of today’s leading social network websites. According to one survey, people spend three times more time on face book than they do on Google (Ostrow, 2009). The main features of face book include: Face book profile, friend finder, photo and video sharing, news feed, personal wall and face book games. Face book originated as ‘Face mash’ back in 2003 by a Harvard student named Mark Zuckerberg. The privacy policy of ‘Face mash’, which later became as ‘face book’ was criticized and the creator of this program faced many legal suites in this regard (Web hosting report, 2009). Zuckerberg mainly faced criticism against open exchange of data viewable by practically any body on the internet. The privacy policy of face book has been undergoing a lot of changes since its creation. ‘Face mash’, originally meant for Harvard

Interrelation with exports in business Research Paper

Interrelation with exports in business - Research Paper Example Interrelation with exports in business This process then motivates increased purchasing by international vendors and consumers. This process has a varying impact on United States businesses. While one would assume that such processes would have a beneficial impact, this is not always the case. One concern is the impact of import costs. While one would assume that such processes would have a beneficial impact, this is not always the case. One concern is the impact of import costs. Oftentimes there are goods that are necessary for product that can only be purchased internationally (Rosenbush, 2012). The increase of prices for these products would negatively impact United States businesses. Another consideration is in terms of larger macroeconomic elements. While in the short-term a falling dollar can beneficially impact United States businesses, if the United States currency continues to depreciate over extended periods then this rising inflation can potentially result in rising unemployment rates (Hagerty, 2012). This unemployment would then have a negative impact on United States businesses for a variety of reasons. Still another consideration is that the falling United States dollar could potentially result in a situation where foreign and even domestic investors grow wary of investing in the United States (Hagert y, 2012). This lack of foreign investment or domestic spending would then result in economic stagnation within the United States, ultimately having a negative impact on business.