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Impact of Emerging Technology on the Economy of Mexico
Economic inequality is an especially large problem in Mexico, which has been further exacerbated by the consequences of the Covid-19 pandemic. The youth, people with low income, and those in marginalized communities are affected by this problem most severely (Vieitez & Larrea, 2021). Differences in income affect the entirety of the nation, causing issues of economic growth and productivity (Economic Policy Reforms 2021). Additionally, social problems like violence, unemployment, and drug trafficking are also fueled by the disparity. With the exponential growth of the problem, a quick and overarching solution is needed to address the problem. Recent developments in technology can be used to remedy the effects of economic inequality and bridge the gap between the rich and the poor.
The implementation of the Hyde Cycle and the 6Ds of disruption, along with an array of new technologies, has the potential to introduce much-needed change. By increasing connectivity and introducing more digitization to low-income communities, it is possible to boost their livelihoods and present them with more opportunities. Alana, the service for job searching, is potentially one of the key factors in helping people seek more and better employment online (Radu, 2020). The use of the Alana technology, as shown by the Hyde Cycle and the 6Ds of disruption, has risen in its frequency and additionally disillusioned many Mexicans about the state of their economic instability. This service will provide a range of opportunities to people working in retail manufacturing, given that its implementation is handled appropriately (Technology & Innovation Report, 2021). To properly promote Alanas functionality and improve its reach, the work of an existing multinational corporation is necessary, with Alfa being the prime candidate. The integration of Alana within Alfas technological frameworks is expected to present many benefits, including better labor mobility (Technology and Innovation Report 2021). Additionally, Alfas outreach can be used to further boost Mexicos connectivity with the global market, giving more people the capacity for employment and better financial stability.
References
Economic Policy Reforms 2021: Going for growth. Web.
Technology and Innovation Report 2021. Catching technological waves: Innovation with equity: U.S. News & World Report L.P. Web.
Radu, S. (2020). Can technology solve economic disparity? Web.
Vieitez, I. and Larrea, S. (2021). Mexico: perspectives on inequalities magnified by Covid-19. Population Council. Web.
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