Impact of Advanced Technology on Global Development. Movie Review

Impact of Advanced Technology on Global Development
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Impact of Advanced Technology on Global Development
World without cash
Dealing with cash for payments is declining globally as people use cards to pay for all bills. According to some experienced users, the method of using cards is easier and cheaper. Financial managers working on the issue reveal an ideal focus whereby cash will no longer be used for payments. However, as money becomes an issue of the past, the issue will impact various individuals differently. In this case, some people are bound to benefit while an opponent group might face significant losses. Although young and outgoing individuals may access online banking, some people in the most remote areas of various countries need cash and accessing the banking services becomes a tremendous issue (DW Documentary, 2018). The closing of local banks at various places poses challenges to various groups of people as they have to strain or go for long distances to reach the only existing spot to withdraw cash.
However, using cards does not involve large amounts of transactions. Hence, the method of payment is easy and cheap. The conventional credit card companies get the most significant benefits from the deal. Companies like Amazon have also been able to run their businesses effectively with the use of modern technology. While some individuals are getting tremendous business, other people like financial brokers are rendered jobless. Using modern methods of technology enhances transparency and immoral issues like theft are minimized. Credit card companies like Pay Pal earn their profits based on every transaction made (DW Documentary, 2018). Consequently, moving to digital payments offers such firms better positions in business operations and profit-making. Digital paying has also escalated the development process of poor countries all people have to own bank accounts to enhance paying for all transactions in the world without cash. Although digital payment is advantageous, it poses various challenges to some individuals and the issue should also get consideration before complete implementation.
The future of Singapore
Statistics reveal that more than half of the World’s total population lives in cities. Although the urban areas may have a lot of opportunities for general growth and development, living in the setting impacts various challenges as well. The big question comes up at the capacity of the acquaintance in the cities. For instance, some governments are working to make their cities better, like in the case of Singapore. In this case, the individuals expect a flashy city that accommodates the available populations comfortably. Also, the city would major in offering better quality lives to all the people in the coming decades. The advanced technology helps programmers in the planning of what Singapore wants to achieve in forty years (National Geographic, 2018). Although the city may have dreams of achieving better in the future, the developers have a tremendous challenge of acquiring space for all the anticipated projects.
The developers aim at the achievement of a healthy population in the city. This objective will only be achieved through the provision of ...