The Effect of Technology on Globalization

This is an area of technological advancement towards a globalized system. Communication plays a major role in our lives whether you in the city/rural areas/at sea/up in the air/in the jungle etc, it is very important to stay connect to each other and relay information. Gone were the days where information has to be written and delivered personally. Methods of communication has evolved into more sophisticated/advanced technologies [from telegraphic messages to cell phones and internet messaging]. This enhances the way we relay information to each other, faster and reliant. Easy access to knowledge and information around the world are made possible through information technology which is the internet. This enables businesses to maximized productivity, dealings and profits at a minimum cost. Also trading products and financial dealings around the world are more convenient for

The term globalization can be defined as a process by which societies, regional economies and cultures have been integrated via a global network of transportation, communication and trade. It has both positive and negative impacts in all the areas that it touches on be it economical, social, technology, cultural, political, environment, health or any other. Globalization started to have an impact on businesses world wide in the eighteenth century since that time marks the merging of modernity and globalization. However, in the modern sence, globalization kicked off after the end of Second World War since its during that time that leaders felt the urge to break down the borders

According to Information System Today, (2014); Globalization will fall under all the categories of technology that move around the world “the greater international movement of commodities”. Globalization has change all aspect on how we do things, from ecumenical changes, cultural changes to technological changes. We are able to manage various things around the world with the comfort of our home (Schneider & Valacich, 2014). A perfect example of globalization would be the following: Leaving in Texas but having your clients or major business deals in Puerto Rico and been able to do it all from her home in Texas without having to do much traveling or no traveling at all. Been able to have conferences and meeting with different people around the

Globalization is increasing interdependency of nations and businesses throughout the world. It has had a profound effect on both markets and production. It has lowered or eliminated government barriers to export-import trade. Gives firms access to the worlds vast offerings of food, clothing, and other manufactured goods. Companies can also benefit from foreign manufacturing, shifting factory production to less developed, cheaper labor countries.

At a glance, the internet is one of the best invention ever made by mankind. One of the most important concept the internet had given to us is the power to convert ourselves from a consumer to a participation. In other words, the internet actually gave us a chance to express our opinions, whereas we can only consume when it comes to traditional television. Believe it or not, the internet saves us a huge amount of time in our everyday life. Since the internet is packed with useful informations and with just some simple clicks, students can do their homework or research on anything in the comfort of their room. Compare to the 1950s, whereas if you were to do a research on a certain subject, skimming through thick books in the library was

Globalization has transformed the world economy over the past years. The spread of ideas and technology across borders has facilitated new avenues of trade, creating new markets and expanding others. However not only has the world benefitted

Another example of the benefits of the Internet is that of information acquisition and preservation. Back in the “good old days” acquiring information about an unfamiliar subject, or learning anything for that matter required a knowledgeable individual, a class, or a trip to the library. However, since the birth of the Internet and the development of Google by Larry Page and Sergey Brin all that has changed drastically. With Google we now have the ability to search for anything we desire at the click of a button. At a blink of an eye we are then instantaneously connected to thousands of pictures, articles, videos, books, etc. about our subject of choice such as sports. Furthermore, we not only have the ability to learn from educational documents; but from each other as well. That is, Individuals throughout the years have become more comfortable with sharing their experiences and voicing an opinion such as blogs, reviews, and testimonials. The fact is the Internet provides so many helpful sources for individuals to learn that one could practically teach their self.

Globalization has immense effects on our diverse economy. It is a controversial issue; some say it may mean development and prosperity for our country as it has led to faster access to technology, improved communication and innovation. Others say it has led to the destruction, misuse and overall end to individual cultures due to immigrants and tourism.

There are many different definitions of globalization, all touch on global trade and economic aspects due to the innovation of technologies as they progress (Ervin & Smith, 2008). Globalization has become an important aspect seen in day to day life around the world. There are many mixed reviews whether globalization has a positive or negative aspect through out the world with regards to economy and technology.

Technology is defined as the application of human knowledge and resources to meet needs and solve problems. Since the dawn of history, technology has been an ever present part of human society. As the needs of society change, technology will continue to evolve in order to best suit those changes. Technology has definitely brought positive and negative implications for society, but how has technology affected the globalization of the economy and “flattening” of the world? There are four ways in which technology has affected the globalization of the economy. They include communication, business competition, warfare, and creation of jobs.

Globalization is the increasing interdependence and connectedness of the world, its businesses and it markets, as well as flow of goods, ideas, technology, people etc. This phenomenon has increased vastly over the years due to technological advances, telecommunications and internet. As the world becomes a global economy, countries have the opportunity to advance more but with the catch that there is also increased competition. Thus as it becomes more common and powerful a feature, it also has some resistance as well. (InvestorWords, n.d.)

People around the world are more connected to each other than ever before. Information and money flow quicker than ever. Products produced in one part of a country are available to the rest of the world. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalization has in more recent times been increasing rapidly due to improvements in communications, information and transport technology. It has also been encouraged by trade liberalization and financial market deregulation.

Major advancements during WWII led a trend toward a more integrated global economic system. Most of these advancements aided communication, transportation and information processing. Various technology such as internet and the phone. These made communication from around the world much faster and easier. Globalization would not be possible today without the transportation we developed during the Industrial revolution. Over 100 years ago, the steam engine was invented and forever revolutionized transport. “Since then, technological development in the transportation industry has affected transformation in road, rail, sea and air travel” (Skwirk). Lastly, information processing has driven globalization further because of the advancements made in the early 1990’s. Some of these improvements were “computer hardware, software, and telecommunications” in term giving better “access to information and economic potential” (Global Envision). Our technology is advancing outrageously fast and making globalization easier than ever.

The word “globalization” as defined by Merriam-Webster Dictionary is “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.” The global expansion extends goods and services to a worldwide market, via investments, services and trade. This global force is driven by economic investments in foreign markets. Factoring trade growth is pushed by financial institutions, governments and personal investors in the pursuit of profits. The growth of technology and globalization has been seen as both the cause and effect for exponential growth over the past decades. There has been a

Globalization is a very important debated issue. It is a phenomenon which focuses on increase in openness to trade, reduced transportation costs and transfer of technology. The concept of globalization