In an organized, well-developed paper, address the following research question:
Is our modern technology interfering with or enhancing our ability to connect with other humans? In what ways is it interfering or enhancing? Be sure to cite
specific examples from your research.
Remember that this is a research paper, so you will want to make your point and support it with at least three scholarly sources. Three quotes will need to be
incorporated from your research, and all quotes should be cited both in-text and in the reference list. If you need help with organization, see the attached
outline as a guide.
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Modern technology interfering with or enhancing our ability to connect with other humans
It is no rarity, these days, to look around a room of people and notice that many are on their phones, missing out on interactions around them. The problem continues to grow as technology becomes more and more integrated with our everyday lives. As it does, we rely on it more, becoming glued to screens instead of conversations. Little by little, technology is destroying the meaningfulness of the interactions that we have, disconnecting us from the world around us. Increased isolation, reduced social interaction and social skills, and increased human-to-machine interactions, are all a result of an overuse of technology, which has created a wall between many people globally. True connection can therefore not be made without a face-to-face interaction. We need to see each other.
prompting them to reduce their holdings of real money balances (Niskanen Center 2018).
It’s apparent that the Venezuelan government spending is significantly exceeding that which it is taking in and therefore putting them in a budget deficit. The government ceased releasing statistics with regards to the magnitude of the country’s budget deficit a few years ago. Nevertheless, reducing it is deemed a prime concern. However the CIA have estimated that the deficit is approximately 46% of the countries gross domestic product during the period of 2017 (Bloomberg 2019). One approach in hope of restoring Venezuela’s previously satisfactory economy, is for them to loan a significantly large amount of money – $60 billion over the period of three years – to them. Theoretically, this would enable the central bank to terminate the printing of Bolívar’s. This would, in theory, diminish the on going decrease of the Bolívar’s value – which has lost 99% of its value since 2013 (Bloomberg 2019). Similarly, replacing the national currency all together with a more stable currency – such as the US dollar – would be of benefit.
Another commonly identified flaw that Venezuela is victim of, is their reliance upon a single and arguably unstable, commodity – being crude oil. As previously mentioned, the country would benefit immensely from expanding their number and range of export goods. Over the past decade, the difficulties associated with oil extraction and production have seemingly become more apparent. Not only this but the imposition of several sanctions on Venezuela’s oil industry, on behalf of the US, are significantly contributing to the industry’s downfall. The sanctions have meant that the US – one of Venezuela’s key oil associates – are blocked from doing business with Venezuela. They were implemented in hope of pressurising Venezuela’s President – Maduro – into stepping down. Presumably, the sanctions will stay in play until this is fulfilled, therefore broadening their commodities seems to be a favourable move.
Switching from the Bolívar to the U.S. dollar and acknowledging the underlying issue of their high dependence on a – somewhat undependable – commodity in conjunction with other credible government interventions will work best to maximise the potential stabilisation of Venezuela’s economy in years to come.