Identity card (ID) is a legal document that is used to identify someone. In this case, biometric identity card is more equipped and has more identification. Their design is that of a credit card and is used to serve many purposes. The development of new biometric cards was aid in the aim of improving security. Unlike the other cards, biometric identity cards have fingerprints, facial patterns and eye scan. For instance, credit cards are not misused since one has to provide the biometric identity card order to identify someone.
The new developed biometric cards are cheap and cuts cost compared to the other cards. The aim of developing these biometric identity cards is to sustain inflation at a favorable range. The inflation target can only be attained through the central bank periodical adjustment on the interest rate target. The economy will adopt a contractionary monetary policy where the amount of money supplied in the economy is reduced making the interest rates to soar leading to low-inflation rates. With the open market, operations the interest rate can be kept constant for a particular time frame. This interest rate target is reviewed by the policy committee on a quarterly or monthly basis. The changes made on the interest rate target occur in response to a number of market indicators in an effort to foretell economic patterns. This will ensure that the key objective of a definite inflation target is achieved.
The public have come to accept the biometric cards despite loosening their privacy boundaries. Data privacy means restricting access of certain information or data to only a few people. This is to ensure that the data is not compromised by being accessed by unauthorized persons. The law recognizes that data privacy and security has penalties for those who hack or access private data. Just as everyone would agree Information is power and how such information is used will determine ones destiny. The current information age dictates that information is handled with utmost caution given that its implications could result to consequences that could make or break a given society. The systems being developed every day also have some detrimental effects which are normally small but accumulate over time; these effects could have extremely harmful effects in the long run, for instance, each automobile releases a very small amount of pollution, almost negligible, but when it is combined for thousands of automobiles in use today and over time, global warming cannot be controlled.
The development of systems in the modern world has a significant impact in the lives of people. These impacts can both be intended and unintended and, some can be harmful while others useful. The invention and implementation of these biometric cards changes the lives of people by interfering with their realities and expectations. As system developers develop new systems every day, the question is whether they should be held responsible for the consequence of their inventions or not. With the rights and freedom attached to every person in the world toady, it would be easy to leave the developers with no blame as people are free to us the inventions or not use. In this discussion we look at various technological inventions and their ethical implication. We then analyze whether the designers need to worry about these implications.
The new biometric identity card’s efficiency has eased many things. Effective management can be termed as having essential skills that revolve around having commercial insight, people skills and task execution. Task execution involves the ability to manage projects that may or may not have a level or degree in complexity. It also involves a sense of urgency and also the ability to work under pressure. A people skill is generally the integrity of fostering trust and emotional support to different kinds of people. It also involves motivating, coaching and developing people. The commercial insight involves skills that emphasize profitability and efficiency. It also means having an inner understanding of financial aspect of running and allocation of resources within the organization. The issue concerning information and national security has made many people to have hot stomachs as they ponder on the conflict between the government need for their private information and the protection of their fundamental rights. While the constitution is quite clear on the privacy of the citizens, this privacy is limited in the sense that the government is always monitoring the movements and activities of individuals in the name of the common good of the country.
In Europe, electronic commerce has been greatly boosted by the advanced ICTs we have today. While in the past it was quite demanding to import products, today with the press of a button one will have the goods delivered to their door steps. This has really reduced the cost of doing business in the world over. The business personalities have saved a lot in terms of sourcing for the market of their products. This is attributed to the online advertisements that do not require one to have the hustle and bustle of putting up billboards everywhere. This is also convenient as with the press of a button an advertisement will be everywhere in the world and orders can be cleared through the online mechanism. One is even able to show their products on line and hence attract the buyers of the products. The payment of the taxes and other duties can easily be done using the online methods reducing the fatigue of having to queue at the Revenue collection centers.
Industrialization is the growth and development that contribute to the growth of the economy. Over the past years, industrialization in the European community has risen at a high rate. Industrialization is one of the factors that led to development of urban centre, since people were migrating to areas where there are job opportunities. The world we live in is changing at an alarming rate as a result of all the new discoveries that have been made over the years. These were not available in the early days. As scientists continue to discover and invent new equipment, the world is adapting them and incorporating them in the societies. As a result, the world we are living in is heavily dependent on inventions and machines to carry out tasks. Moreover, as a result of the advanced technology, people are getting more intelligent hence they are able carry out more researches of their own as well as make their own new inventions.
The advancement of technology has made it possible to carry out various activities in the world over with a lot of ease. The development of the satellite makes it easy for information to be obtained and distributed all over the world in a span of seconds. As much as this advancement has been praised by many, there are also a lot of risks involved in this advancement. The information found in the internet is prone to a lot of dangers that concern accessibility. With the ever increasing number of internet hackers and cyber-bullers, the privacy of information in the net is totally interfered with leaving many to suffer in one way or the other. Government should ensure that citizens are well taken of in terms of social welfares. Another important factor to consider is the country’s state of international relationship, with the relationship with its neighbours. For a country to qualify as a political capital it should have stability in its political operations that offer peace and encourages investment and growth. This stability strengthens democracy. A political capital should also control its resources effectively in a way that all the citizen’s benefit, and promoting equality amongst all its spheres.
The world today is characterized by the Importance that is information. As such, many countries in bid to get a competitive age over their competitors or enemy have invested so much in spying. This has led to a lot of risk involved even as the government collects information and stores them in their data base claiming is for the good of the nation. Today, with just a click of the button, information can be moved from one location to the other in the face of the earth. It is these data base that has made many citizens to feel insecure with there information in the governments hands. Technological inventions have helped individuals and companies amplify their ability, strength, strategic advantage over other human beings. Strategic advantage has been gained by companies who have embraced technological inventions and have thus expanded rapidly. This has led to expansion and growth of such companies over those that still hold on the traditional means of productions. Technological inventions have also earned many individuals considerable influence in the world
Technology is a game changer for economies in the twenty first century. Technology refers to the methods and techniques used in production of goods and services. The rapidly changing technological scene dictates which countries are most productive. Countries that are technologically adept have a comparative advantage over the technological snails. Automation of offices and changeover from the manual systems is a testimony to the role of technology in productivity. Automation has led to faster processing of transactions using less manpower. Productivity refers to the cost of factor inputs and the value of the resultant output. It measures the input in the production process and the output. In a broad sense, it refers to the extent to which the productive resources of a country are utilized. The factors of production are land, capital, manpower and entrepreneurship. Productivity, though difficult to estimate, is an important indicator of a country’s economic viability. If productivity is increased consistently, the cost of production per unit reduces. This increases the overall welfare of the consumers since the price of goods also reduces. Companies also benefit since they are able to boost their earnings without increasing the inputs. The productivity of an economy depends on many factors. Education, technology, research and development are some of the key factors that dictate the level of productivity.
The world we live in is changing at an alarming rate as a result of all the new discoveries that have been made over the years. These new discoveries have been aided by the availability of better learning facilities and equipment. These were not available in the early days. As scientists continue to discover and invent new equipment, the world is adapting them and incorporating them in the societies. As a result, the world we are living in is heavily dependent on inventions and machines to carry out tasks. Moreover, as a result of the advanced technology, people are getting more intelligent hence they are able carry out more researches of their own as well as make their own new inventions.