(c) "Technology is changing our everyday lives at a faster rate every minute from artificial intelligence and medical advances in robotics to the upcoming self-driving cars. Every sector of our lives is being impacted, disrupted, and constantly altered by innovations, including our finances. In the developed markets, fintech, or financial technology, is the new and exciting area of product innovation for financial services. The innovations rely on the internet, blockchain technology, and the new and highly controversial digital currencies. Consequently, new digital platforms and mobile applications create new possibilities while being accessible to more people at a lower cost across borders." (Sources by Journal of Inter American Law Review) Based on the statement above, explain several implications of foreign direct investment in fintech industries and strategies to encourage towards an economy digital.
(c) "Technology is changing our everyday lives at a faster rate every minute from artificial intelligence and medical advances in robotics to the upcoming self-driving cars. Every sector of our lives is being impacted, disrupted, and constantly altered by innovations, including our finances. In the developed markets, fintech, or financial technology, is the new and exciting area of product innovation for financial services. The innovations rely on the internet, blockchain technology, and the new and highly controversial digital currencies. Consequently, new digital platforms and mobile applications create new possibilities while being accessible to more people at a lower cost across borders." (Sources by Journal of Inter American Law Review) Based on the statement above, explain several implications of foreign direct investment in fintech industries and strategies to encourage towards an economy digital.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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