How science affects the economy in a negative way - Business English

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There are often stories in the media describing how science affects the economy in a negative way, but it should also be recognized that it can have a massively positive impact on the economy too. If a company remains aware of scientific breakthroughs, they can be a step ahead and use any developments to their advantage. Amazing scientific developments in technology have recently led to the majority of people in the developed world having access to the Internet. This has changed oureconomy as more people trade and spend online. Many countries with strongercurrencies than the US will also buy products online from America as it works out cheaper for them. This is a boost to the US economy as the more people who buy from the US, the better. Eventually, the UK economy is thought to benefit from climate change. As parts of the Mediterranean become increasingly warmer, the summers will be uncomfortably warm, encouraging people to take their vacations in cooler countries such as the UK where the temperature will be more tolerable. This boost in tourism will help the UKeconomy enormously.