Analyze the changes of such technological advancement

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Topic:

"The World has shrunk, outer space has become the area of explorations. Countries like US and Russia have been exploring the unknown; Russia launched and landed on Moon with their space craft "Lunar" on September 12, 1959, followed by US landing Apollo 17 on the Moon in 1979. Since then, several countries have launched space crafts in the quest to explore the unknown World - "The Space" The day is not far when the scientists will find a way to live on those planets that are not reachable.

Make belief that this has happened and that the countries are now expanding in every area.

If that happens, World will undergo a drastic change. Will the countries/economies remain the same?

Analyze the changes of such technological advancement on the following areas:

• Impact on consumption/consumers, aggregate demand
• Impact on growth of GDP
• Impact on International trade
• Impact on Immigration/employment
• Impact on travel and transportation
• Your impressions
• Lessons learnt - as a student of economics

Reference no: EM133765460

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