Economic Geography Essay Example | Topics and Well Written Essays - 1000 words

Economic Geography - Essay ExampleThe recent figures would non change the world of do work substantially. Higher literacy rate and increased research intensity majorly ca employ the growth of income in the belatedr half of the twentieth century. Finiteness of growth of these elements is a cause of halt in income growth. The rate of progress today is real slow comp ared to what it was from the start to the mid 20th century. Computer age is omnipresent but has failed to increase productiveness like the innovations of the late 19th century did until the quarter of the 20th century. Innovation and technology are used interchangeably but the two terms are different. A hindrance in future innovation is poorly crafted regulations. The role of government as well as energy has changed in the transition from the late 20th to the 21st century. Globalization is one of the incidentors that caused the productivity slowdown since 1970s, though it also serves as an hazard since each idea ge nerated spreads world over. The real risk for advanced economies is the rigidity of institutions toward accommodation of changes that are actually revolutionary quite an than the slow pace of innovation. Reflection I think that the pace of innovation has not slowed down. In fact, the run with which the research and development is taking place today far exceeds any achieved in the past centuries. This article has more discussed the effect of innovation and new technologies on business, commerce, and everyday life rather than innovation itself. Considering the innovation aspect, the fact that every year brings along with it new models and upgraded specifications of almost every gadget that we have ranging from the cars to mobile phones provides evidence of the speed of innovation. So saying that innovation is not happening any more would be far from reality. Nevertheless, it is undoubtedly true that world life has never been impacted as much by innovation and new technology as it has been impacted from the start till the low gear quarter of the 20th century. The reason behind the decline in the impact of innovation on human life in the present age compared to the past is not just limited to the rigid perspective of the organizations and institutions toward sustaining the traditional ways of working. While it is an important factor, the reasons for the decline in innovations impact on human life extend beyond it to include the fact that the merits of adjusting the systems according to new technologies today are not as enormous as they were in the past. This is because of the fact that the general lifestyle of people a century ago or before that and the systems of trade and commerce were far less advanced than what they are today and had a lot of room for adjustment and improvement. Therefore, the decline has basically not happened in the speed of innovation. Instead, the decline has happened in the tendency of the systems to be improved probably because th e existing systems address the fundamental inescapably of the society in many ways. Although there is growing concern about the safety of environment, yet this fact cannot be denied that the practices that have led to deterioration of the environmental health and safety are addressing the economic and non-homogeneous other needs of the society. One point that has been made in the article and which I disagree with is that the ubiquitousness of computer age has not increased the productivity the way the 19th centurys innovations did. verbal expression this is unfair because it undermines all the improvement in