Faithin Omaha eBook Collection

Download or read book New Technologies, New Risks? written by Andrew Zerzan and published by World Bank Publications. This book was released on 2009-11-30 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: New financial and communication technologies offer a great opportunity to improve the lives of people everywhere. For instance, millions of impoverished people now have access to the financial system through stored value cards or mobile phones. However, some are concerned that governments are not always aware of these innovations in their jurisdictions. This has prompted fear that fast-moving terrorist groups could expand funding undetected. The fear has led some countries to take a restrictive stance on the technologies' use, either by outright prohibition or by placing unnecessary limitations that deter market development. Authorities are therefore challenged to tackle the double-sided nature of technological advancement: promoting security and economic growth. 'New Technologies, New Risks? Innovation and Countering the Financing of Terrorism' explores how money flows via these mediums, risks they pose, and how governments have mitigated the risks.