1. Technologies like AI, 3D printing, drones, and cloud computing are transforming the world. At the same...
Question:
1. Technologies like AI, 3D printing, drones, and cloud computing are transforming the world. At the same time, important questions arise on how much it will affect businesses, consumers, and economies.
What are the implications of new technologies on economic growth and the labor market? Discuss the pros and cons of AI. In your discussions think about its effect on privacy, productivity, employment, consumption, responsibility and liability, security, and safety, and impact on inequality. Think about introducing taxation of robots and other machines that replace humans. Share your knowledge about drones, 3D printing, and cloud computing.
2. Why do countries trade with each other? How have the Internet and improved infrastructure around the world influenced the volume of trade? What effect do trade restrictions have on the U.S. economy, consumers and jobs?
With a higher volume of tariffs and more economic sanctions imposed by the U.S. on other countries experts argue that more countries will conduct international business in their own currencies instead of a dollar. China, Russia, and India are already setting up many trade deals in their own currencies. Where do you think the U.S. dollar is heading when it comes to international transactions and world reserves?