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Do you agree or disagree with the following statement: Modern societys overdependence on information technology makes more likely the occurrence of economic and social disasters - Essay Example

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However, it is very important to articulate on both aspects and try to evaluate which carriers more weight than the other.
Information technology has several advantages that it brings…
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Do you agree or disagree with the following statement: Modern societys overdependence on information technology makes more likely the occurrence of economic and social disasters
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Extract of sample "Do you agree or disagree with the following statement: Modern societys overdependence on information technology makes more likely the occurrence of economic and social disasters"

Download file to see previous pages Many newspapers around the world have online versions where one can get to read and get the latest news around the world (Hjorth 26). The Internet has information that is updated every now and then therefore one can learn of events occurring at the time. IT has also in a way improved economic status of many people. For example many companies and industries can easily utilize IT to diversify their business (Hjorth 28). They are now advertising through the Internet which is cheaper as compared to some other traditional methods. Communication has also been made easier and cheaper between organizations and customers. Through e-mail and social sites, organizations can communicate with manufacturers, suppliers and customers more effectively from all over the world. Meetings can also take place through video conferencing thus eliminating the need for businessmen to travel across continents hence saving costs (Khosrowpour 56).
The emergence of universal production markets, thanks to IT has enabled firms to access foreign products which may be cheaper, of better quality or advanced in terms of new technology (Khosrowpour 58). Globalisation which has been fostered by IT has made national borders irrelevant since companies in different countries can link up via telecommunication and do business without the need for physical proximity. This has promoted international trade that has fostered the growth of several economies into world super powers such as China and Japan (Khosrowpour 59). These two countries were medium economies a few decades ago but now have become super economies because of use of IT in international trade. Current globalisation has made it easier for countries to transact business as compared to earlier globalisation. This can be attributed to advanced technological innovations such as money transfer systems, faster transportation and cargo agents and international expansion of ...Download file to see next pagesRead More
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