Paradigm of thinking has changed in the present context.
Information has already surpassed the value of Oil. Data has become the power
and jobs which derive their energy from the data provide more remuneration.
Microsoft, Apple, Amazon and Facebook which have roots in information are few
of the highest valued equities. The information giants are now controlling the
world economy as in a click they can take out investments from a country and
make it go bankrupt. Such events already happened almost twenty years ago for
elite countries of Asia called Asian Dragons.
World has witnessed four great economic revolutions. We mostly have studied first and second industrial revolution. They dealt with production, manufacturing and physical resources. Third revolution was the Micro-Chip revolution which automated the industries to a level. Now, we are dealing with the Data revolution. Data revolution is in a sense a psychological warfare where companies owning and controlling information use data to trigger your thoughts and actions. This might not make much sense but case studies of Cambridge Analytica which interfered in famously US 2016 elections and UK referendum shed much light to it. Cambridge Analytica psycho-reversed millions of population to vote using targeted ads, online games and what not. You won’t believe but they know more about you than you yourself. Beware! You’re being watched
.
The stirring and landscape changes in the technology hasn’t left even the barren terrains untouched. The echo of this worldwide symphony can be felt in country like ours as well. The number of tech startups has risen exponentially. The number of academicians in the field of IT has increased dramatically. We can divide the entire population into two halves- tech friendly and tech unfriendly. The non-tech friendly weigh more. B ut the upcoming decades will show the seismic changes in this pattern. It might sound too optimistic for our country which never had any industrial revolutions but data revolution has already started. We have entered the fourth economic revolution without surpassing its predecessors it’s where I sense the trouble. Before talking about my opinions on economic conundrum, in coming paragraph I want to address perplex of Neplaese Election and Cambridge Analytica
The stirring and landscape changes in the technology hasn’t left even the barren terrains untouched. The echo of this worldwide symphony can be felt in country like ours as well. The number of tech startups has risen exponentially. The number of academicians in the field of IT has increased dramatically. We can divide the entire population into two halves- tech friendly and tech unfriendly. The non-tech friendly weigh more. B ut the upcoming decades will show the seismic changes in this pattern. It might sound too optimistic for our country which never had any industrial revolutions but data revolution has already started. We have entered the fourth economic revolution without surpassing its predecessors it’s where I sense the trouble. Before talking about my opinions on economic conundrum, in coming paragraph I want to address perplex of Neplaese Election and Cambridge Analytica
This subsequent
changes in the population dynamics bred new voters. The impact is everywhere even
in Nepal as well. Millennials who preferred crispy gossips on internet and didn’t
bugged to look around the actual news where the newest brand to promote the tailored
adult franchise of democracy. I don’t think Nepalese Politician didn’t recognize
importance of these voters. But whether they sought for help from Cambridge
Analytica or not is the question which has never sparked in the country’s
mainstream as well as online media platforms. But international news has differed.
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Our country called as agro-based economy is just a
hypocrisy. We export manpower than any other agricultural products. The steps
the country is taking and driving engine of the world all has favored service
oriented economy for us. These steps look good, tourism and tech industry will
surely flourish. But we don’t have the basic manufacturing and production
capability to meet our own demands. The growth in these sectors is negligible.
We import our food and medicinal supplies. The cultivation percentage has
declined over the years as well. But the most important point of consideration
is psychological denial and abandonment of these sectors. Investors don’t want
to invest, youths would put their toil on foreign soil rather and government- I
don’t know.
As we are facing the
greatest pandemic of our lifetime, this is high time to realize that we can’t
eat computers and importing food is just like asking someone else to breathe
for you. Until and unless government and authority intervenes and subsidizes
the production of basic supplies in our own homeland it won’t matter what our
rupee is worth. We will always be in verse of getting strangled by our two big
brothers.


