ESSAY ANSWERS

ESSAY ANSWERS

Technological convergence

The second transformation entails the convergence of new technologies of information and communications. Technological convergence is the principle that the various media, such as radio, TV, newspapers, CD players, video recorders, telephones, mobile devices, and the Internet, are all coming…

The Big Mac index

The Big Mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run…