Agree: Impact of technology on economic growth
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Impact of technology on economic growth VideoTechnology and Economic growth
Impact of technology on economic growth - for supportHere they discuss the potential for economic growth driven by new, efficient technology, and how to deal with the potential job losses that this technology triggers. The world is experiencing a rapid technological change that is disrupting not only industries throughout the global economy but society as a whole. This has serious implications across industries and societies, as well as for jobs and growth. We see the rise of smart machines with artificial intelligence that will spur economic growth and create new wealth. Machines that think like humans could help solve huge problems like curing cancer and climate change. But there is a down side. impact of technology on economic growth
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Exposure to high heat causes productivity losses, with reduction in cognitive function as a key channel.
A direct reduction in heat exposure via technologies such as air conditioning is not possible for outdoor tasks. This article presents results from a randomised experiment in Odisha where the use of a digital mode — rather than the traditional pen-and-paper mode — for household surveys helped mitigate some of these heat-induced productivity losses. Weather has an impact on human conditions, and on numerous economic outcomes.
Severe weather, including high temperatures, has been shown to hurt various drivers of growth such as human survival, human capital, and worker productivity see Deschenes and GreenstoneBurgess et al.
Figure 1: Percentage of Internet users and PPP GDP per capita
While cooling technology such as air conditioning AC can mitigate some of these negative impacts, it is difficult to reduce losses in worker productivity on account of heat, when the tasks are conducted outdoors. This is a critical issue in developing countries that are characterised by a tropical climate and lack of economic resources.
A tropical climate exposes workers to heat and humidity, thereby reducing their productivity, and the lack of resources makes it harder to compensate for the loss in productivity.
In this article, we summarise the results of a study that analyses the role of technology in compensating for heat-induced productivity loss in India Custers et al. The study is based on a randomised experiment conducted in Bhubaneshwar, Orissa, a city that is characterised by very hot and humid summers. Cognitive functions slow down due to exertion while exposed to high heat see Kjellstrom et al.
The heat and humidity make outdoor tasks difficult and one such task is conducting household-level surveys. Technological advancements in the area of survey data collection — such as digital data collection — provide an opportunity to conduct the same survey but with a reduced cognitive load. Digital surveys on devices such as phones and tablets allow for pre-coded tasks such as skipping an invalid question, restricting the responses http://rectoria.unal.edu.co/uploads/tx_felogin/puritan-writers-the-wonders-of-the-invisible/vatican-ii-wikipedia.php correct ranges, and providing a concise and compact way of conducting the survey. Compared to the classic method using pen and paper, a digital survey eliminates several potential mistakes and also makes the overall handling of the survey easier.]