Question

the impact of Science and Technology Revolution on youth​

Answer 1

Answer:

Explanation:

Humanity is at a crossroads. Present social science theory and public policy are no longer adequate to meet the multi-dimensional challenges posed by rising social aspirations, unemployment and inequality, wasteful patterns of production and consumption, globalization of markets, technological advances, demographic changes, and ecological constraints. Incremental changes in public policy based on the present conceptual framework will only aggravate problems that are already acute. At the same time, the resources and capabilities of global society have never been greater than they are today. Scientific knowledge, technological developments, infrastructure and productive capabilities, educated and skilled human resources, entrepreneurial skills, commercial organization and a rapidly expanding global social network offer unprecedented opportunities for rapid social progress.

Our problems arise from a mismatch between resources and opportunities: social science theory that is divorced from real world functioning, financial markets that siphon off funds from investment in the real economy, capital and technology-intensive manufacturing strategies that eliminate labor resulting in higher levels of unemployment and falling consumer purchasing power, educational systems that fail to impart the knowledge and skills required by the labor market, energy production technologies that threaten the ecosystem, mispricing of natural resources leading to overexploitation and waste, national level institutions incapable and unwilling of coping with global level problems.

A solution can be found to every one of these problems, if only we are willing to think outside conventional boundaries. There is no dearth of opportunity. The limits we confront are limits to our thought. What is needed is to approach the challenges and the opportunities comprehensively and evolve an integrated package of solutions. The concept of efficient market theory to maximize return to investors has to be replaced by a theoretical framework that maximizes the efficiency of society as a whole by the full utilization of all available social resources to improve human welfare and well-being.