juan carlos f: How Internet affects positive and negative way in the ecomomy nowadays ?
Hello I have to make a presentation for my oral comunication on wednesday and I am planning on doing about How Internet affects to the global economy in good and bad way, so I want to explain with some poimts for example one positive way it can be companies spend less money in marketing publishing on Internet or I am not sure but I think Internet business do not pay taxes and affects the economy (US) Ok thank you for helping
Answers and Views:
Answer by SDD
Economically speaking, there are no “bad ways”. The Internet reduces transaction costs and makes markets broader and more efficient.
The internet, overall has had a profoundly negative effect on the economy. It has completely obliterated entire industries, transmuted others to mere shadows of their former selves (classified ad industry), It has enabled mass outsourcing to occur. It has created a variety of new, unstable industries that rise and fall, here one day, gone the next. Truly, the list of its detrimental effects is too exhaustive to go into here. It’s trend of devaluing nearly everything it comes in contact with is the primary cause of our current ‘depression’. It causes people to go out less, interact without speaking more often, and waste time surfing and ‘wanking’ to free porn sites.
Positively, it has made things more convenient, fast and immediate. Money transfers, information access have enabled tasks and jobs to be done quicker. The influx of free information and media has resulted in new technological innovations and experiences that, prior to it, would have to have been paid for. It allows people to find answers to questions immediately and spend less time on directions.
But, in terms of the economy, there is not really any good news to report.
Leave a Reply