Inflation & Technology

Inflation & Technology

Introduction:-

The fact that technology has been able to mainstream itself into our everyday life leaves us blind to the reality of choices. In the meantime conglomerate corporations take a laid back, easy approach to any new technology because they have already met, if not surpassed their financial goals of success. With these factors in play, technology pitches its sales from every possible angle to attract every possible consumer, which is where the negative effect comes in. Therefore, with technology a major factor in our lives, inflation not only effects the production, presentation and sale, it inhibits not only monetary aspects but also moral aspects, simply because every desire known to man is available via technology. Inflation has both positive and negative effects on technology, starting at the most basic level, creating something efficient, desirable, practical and affordable is needed.

Bibliography:-

Videos:-

Subbaraman, R. 1. (Narrator). (2010). Market Response to speculation on china [Online video].

CNN. Retrieved April 9, 2011, from HYPERLINK "http://www.mbtmag.com/Content.aspx?id=1499"http://www.mbtmag.com/Content.aspx?id=1499

This video was seen on CNN, according to analyst 2011 will be a year of stories about the market, this story can start from Asia and especially china and not from Us as united states has already passed the inflation cycle and it is now in deflation cycle, but Asian economy is facing inflation for 2011 and it's rising, main reason for this upswing in inflation in Asian countries like china is that the economic conditions are not advancing like it is in advanced economies and economic experts believed that pumping money continuously into the economy to support it has increased the food and Goods prices. Policies in china and Asian countries are very slack, new business technologies are needed to update existing technologies or introduce new technologies and policies to control continually growing food and goods prices, crash in stock markets and devalue of currency in Asia.

Video: no 2:-

Vigna, 1. & bruno, J. b. (Narrator). (2010). Markets Hub: Tech Leads Stocks Higher [Online video]. Wall Street Journal. Retrieved April 6, 2011, from HYPERLINK "http://asia.wsj.com/video/markets-hub-tech-leads-stocks-higher/C352B5F9-1BF0-4592-ABF3-D13FAFC2CB51.html?KEYWORDS=inflation+and+technology"http://asia.wsj.com/video/markets-hub-tech-leads-stocks-higher/C352B5F9-1BF0-4592-ABF3-D13FAFC2CB51.html?KEYWORDS=inflation+and+technology

Paul Vigna and Joe Bel Bruno spoke on the inflation and its consequences and the role of technology in fighting back this inflation. According to speakers in technology field the chips business is doing well and it's lifting the shade of inflation from the economy, Technology stocks and latest technology tools and advancements are lifting the stock market up. However energy and food sector is facing the bad inflation which is becoming worse day by day, disaster of japan, and other world crisis are also lifting inflation up in these two particular sectors, moreover US government has no proper plan and budget to solve this serious inflation issue which is becoming a monster at every day. Oil, gas and food prices are becoming high and gold and silver has made a fresh record of high prices, and if this condition will remain unchanged then an average American person will be facing the serious inflation.

Book:-

Finkler, S. A., & Ward, D. M. (1999). Issues in cost accounting for health care organizations

(2nd ed., p. 255). Retrieved April 8, 2011 from

HYPERLINK "http://books.google.com.pk/books?id=orMhitPR3EQC&pg=PA255&dq=article+impact+inflation+technology&hl=en&ei=GRCaTavhIoPUrQe_zanqCw&sa=X&oi=book_result&ct=result&resnum=10&ved=0CFcQ6AEwCQ" l "v=onepage&q"http://books.google.com.pk/books?id=orMhitPR3EQC&pg=PA255&dq=article+impact+inflation+technology&hl=en&ei=GRCaTavhIoPUrQe_zanqCw&sa=X&oi=book_result&ct=result&resnum=10&ved=0CFcQ6AEwCQ#v=onepage&q

In this part of the chapter author attempts to describe the factors necessary to avoid inflation in health care industry, He explained, in hospitals managers should have thorough understanding of the cost and its variations from controllable to uncontrollable costs. It is important to plan for inflation and other factors which results in unexpected increase in cost. It is better to update the existing technology operating on the systems to reduce the cost but if it is important to launch a new technology then managers should observe and simulate new technology before installation because sometimes new technology results in negative effects on the cost rather than minimizing the cost, and this negative effect result in inflation.

Authoritative Webpage:-

Ristelhueber, R. (1998, May 1). Technology fights inflation. [Online Exclusive] EDN. Retrieved

April 8, 2011, from HYPERLINK "http://www.edn.com/article/502713-Technology_fights_inflation.php"http://www.edn.com/article/502713-Technology_fights_inflation.php

Author described the positive effect of technology on inflation, author stated that United State economy was in strong state due to which employment rate was high and GDP rate was also very good, due to these positive signs the experts expected it that inflation will surely hit the economy sooner or later, but due to the use of technology inflation has not affected the economy so badly that it crash. Electronic industry seems to be inflation proof, senior economists believe that advancement in technology have not only lowered the cost of production but also fight back inflation, continuous fall in the prices of semi-conductors has resulted in decrease of computer prices, and according to economists this alone has greatly lowered the percentage of inflation. New technologies are emerging and old ones are in the process of up gradation and their use in businesses is increasing very fatly throughout the nation. Technology is making it possible to lower the cost of goods production which in return is lowering the inflation rate.

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