The Effect of Technology on Globalization
Impact of information 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
Globalization in Saudi Arabia
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
The Role Of Globalization In Texas
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
Module 1 Hw
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.
Does The Internet Make You Dumber Analysis
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
Consequences Of Drug Trafficking In The United States
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
The Good Old Days are Blurred Essay example
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.
Sweatshops Research Paper
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.
Positive And Negative Aspects Of Globalization
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.
Effects Of Technology On Globalization
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's Impact on Government Business Relations
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.)
Advantages of Globalization Essay
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.
Competitive Advantage Of A Company
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.
Understanding Globalization in a World Perspective
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 Not A New Concept
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
- International trade
- Developing country
- < Previous
Home > Robinson College of Business > Computer Information Systems > CIS_DISS > 73
Computer Information Systems Dissertations
Essays on Technology in Presence of Globalization
Joshua Madden , jmadden4 Follow
Date of Award
Doctor of Philosophy (PhD)
Computer Information Systems
Technology has long been known to enable globalization in ways previously not thought possible, with instantaneous communication allowing members of organizations all across the globe to communicate and share information with little to no delay. However, as the effects of globalization have become more prominent, they have in turn helped to shape the very technologies that enable these processes. These three essays analyze three examples of how these two processes – globalization and technological development – impact one another. The first looks at a national policy level, attempting to understand how increased possibilities for inside leakers can force governments to consider asylum requests. The second analyzes the issue at the level of corporations, attempting to understand how and why business leaders choose to hire individuals from other countries. The third and final essay analyzes the issue at the most micro level, studying a potential application that could help analyze linguistic factors that have taken a more prominent role in a more globalized society.
Madden, Joshua, "Essays on Technology in Presence of Globalization." Dissertation, Georgia State University, 2019. doi: https://doi.org/10.57709/15971175
File Upload Confirmation
Since December 11, 2019
- Notify me via email or RSS
- Submit ETD (Thesis/Dissertation)
Home | About | FAQ | My Account | Accessibility Statement
The Impact of Technology on Globalization
Advances in technology have greatly contributed to the main forces behind globalization. As technology progresses, organizations are compelled to become global by increasing their market size and economies of scale necessary to break even. Two significant factors are associated with how technology contributes to globalization and trickles down to the consumer. With technology advancements, costs of communication and transportation have been reduced across nations. The outcome of reduced costs of sourcing raw materials and associated inputs has encouraged globalization in organizations, owing to patent technology, and businesses easily exploit foreign markets without major competition (Shao, 2021). To the consumer, technology has guaranteed the availability of a wide range of products at cost-friendly prices, ensuring that goods are available at localized prices regardless of the country of production.
Two, technology has become central to the creation and growth of businesses worldwide. With this, the global market has been created, which has triggered collaborative networks between firms. Due to networking across businesses, technology has been associated with establishing global ethical practices that ensure goods’ production adheres to certain protocols. Therefore, in the presence of technology, organizations have overcome major hurdles in international trade, and the marketplace has changed. Specifically, technology has driven every nation to more ethical standards, and with this, it is now possible to ensure that goods produced in one region of the world have the same production standards as those from another area (Shao, 2021). To the consumer, ethical standardization in producing goods has resulted in the same quality of products. With standardization, customers are assured of product quality across the international market since firms must meet the basic best practices in their production.
Shao, B. (2021). The impact of innovation on globalization . Brill.
Cite this paper
- Chicago (N-B)
- Chicago (A-D)
StudyCorgi. (2023, April 23). The Impact of Technology on Globalization. Retrieved from https://studycorgi.com/the-impact-of-technology-on-globalization/
StudyCorgi. (2023, April 23). The Impact of Technology on Globalization. https://studycorgi.com/the-impact-of-technology-on-globalization/
"The Impact of Technology on Globalization." StudyCorgi , 23 Apr. 2023, studycorgi.com/the-impact-of-technology-on-globalization/.
1. StudyCorgi . "The Impact of Technology on Globalization." April 23, 2023. https://studycorgi.com/the-impact-of-technology-on-globalization/.
StudyCorgi . "The Impact of Technology on Globalization." April 23, 2023. https://studycorgi.com/the-impact-of-technology-on-globalization/.
StudyCorgi . 2023. "The Impact of Technology on Globalization." April 23, 2023. https://studycorgi.com/the-impact-of-technology-on-globalization/.
StudyCorgi . (2023) 'The Impact of Technology on Globalization'. 23 April.
This paper, “The Impact of Technology on Globalization”, was written and voluntary submitted to our free essay database by a straight-A student. Please ensure you properly reference the paper if you're using it to write your assignment.
Before publication, the StudyCorgi editorial team proofread and checked the paper to make sure it meets the highest standards in terms of grammar, punctuation, style, fact accuracy, copyright issues, and inclusive language.
If you are the author of this paper and no longer wish to have it published on StudyCorgi, request the removal . Please use the “ Donate your paper ” form to submit an essay.
Globalization and Technology’s Impact on the World
Almost everyone in the United States will use some form of technology during his or her life. Have you ever thought about how technology is used by those across the globe? Is technology as advanced in other countries as it is in the United States? How does globalization and technology go together? Globalization is defined as the process of integration across world-space arising from the interchange of worldviews, products, ideas, and other aspects of culture . Global technology can affect all areas of life including economical, medical, cultural, and political.need to cite definition Technology in globalization is how new things spread and help to better develop our world and the way we live. Many discussions have taken place in recent years about the use of technology and globalization and its impact on the world has been both criticized and praised. Globalization and technology are good for the world because they have had a positive impact on communication, education, science, medicine, economics, politics and social circles across the globe. Technology allows people from all lifestyles and from all around the world to be able to communicate with one another within seconds, instead of having to wait up to a couple of months for a letter to travel around the world to the other person and back. Advances in technology have pulled us out of the dark ages and into a light with inventions such as the cellular phone, jet engines, computers and the World Wide Web . Without technology, much of what we love and use every day to make our lives easier would not be possible. Globalization has helped to spread technology and helped people to work together and not just keep something new all to their selves but to share it with others for the ... ... middle of paper ... ...85305. Mann, Catherine L. "Globalization, Prices of IT Software & Services: Measurement Issues." Academic Search Complete. EBSCO, 1 Feb. 2011. Web. 20 Apr. 2014. Penny, Eschen M. "Globalizing Popular Culture in the "American Century" and Beyond." Academic Search Complete. OAH Magazine of History, 1 July 2006. Web. 20 Apr. 2014. Ponting, Clive. A New Green History of the World: The Environment and the Collapse of Great Civilizations. New York: Penguin, 2007. Print. Ryan, B. (2011) Affects of Internet on Thai Popular Music’s Societal Dynamic: Predicting Popular Music Genres. Journal of Global Intelligence & Policy, 4(4), 35-53. Schaeffer, Robert K. "Globalization and Technology." Academic Search Complete. Phi Kappa Phi, 1 Nov. 2003. Web. 20 Apr. 2014. Turner, Bryan. "Does Anthropology Still Exist?" Academic Search Complete. Society, 1 May 2008. Web. 20 Apr. 2014.
In this essay, the author
- Explains globalization is the process of integration across world-space arising from the interchange of worldviews, products, ideas, and other aspects of culture.
- Argues that technological globalization does not offer a solution to all the problems of the world. they argue that younger people are forgetting their own culture, traditions, and morals in order to conform to an american way of life.
- Argues that globalization and technology are perfect, but there are still kinks to work out and lessons to be taught to everyone across the world.
- Opines that globalization of technology has had a positive impact on the world, and that communication across continents has allowed countries to share ideas, knowledge and data.
- Explains that global technological advances have allowed scientists to share data with each other almost instantly instead of having to wait for results to get back to them over months at a time.
- Explains that technology has boosted the world's economy and created many jobs for people across the globe.
- Opines that social media has changed traditional music in thailand, but is not expected to create a new trend.
- Explains that culture is fluid and constantly changing with every innovation. what is considered normal or unacceptable in one generation can adjust to be acceptable in the next generation.
- Explains that globalization and technology reduces the amount of trial and error that has to be done by each person.
- Opines that the effects of technological globalization can be seen in countries like peru and all around the world when free trade is cultivated, technology embraced and social liberation is allowed to take place.
- Explains that technology has given us instant access to businesses around the world through the use of the internet and cellular phones.
- Explains abazov, rafis, "globalization of migration: what the modern world can learn from nomadic cultures." un chronicle.
- States that chika, josephine a., "an appraisal of globalisation and nigerian educational policies." academic search complete.
- Explains that chrisman, robert, "globalization and the media industry." academic search complete. black scholar, 1 sept. 2013.
- Analyzes easton, brian, "gutenberg and globalization." world literature today, 1 mar. 2008.
- States that feigenbaum, harvey, "america's cultural challenge abroad." political science quarterly, 1 mar. 2011.
- Explains ford, christopher m., "of shoes and sites: globalization and insurgency." military review, 1 may 2007.
- Opines that heine, s. j. (2012), cultural psychology, 2nd ed.
- Explains mann, catherine l., "globalization, prices of it software & services: measurement issues." academic search complete.
- Explains penny, eschen m., "globalizing popular culture in the "american century" and beyond." oah magazine of history.
- Describes ponting, clive, a new green history of the world: the environment and the collapse of great civilizations.
- Opines that schaeffer, robert k., "globalization and technology." academic search complete.
- Explains turner, bryan, "does anthropology still exist?" academic search complete. society, 1 may 2008.
Click here to unlock this and over one million essays
Observing Chimpanzees at The Kimberly-Clark Chimpanzee Forest Exhibit at Dallas Zoo
William Haviland, Harald Prins, Dana Walrath, Bunny McBride, Anthropology: The Human Challenge (Belmont, CA: Wadsworth Cengage Learning, 2011), 58.
Modern Golden Age: Is the U.S. in its Golden Age?
The Levin Institute - The State University of New York. "Pop Culture." Globalization101. The Levin Institute - The State University of New York, 2014. Web. 18 Apr. 2014.
The Influence of American Culture in the 1950s and 1960s in Canada
Pop culture in the 1950s and 1960s began to spread and infest the nation from front to back through radio shows, books and magazines, television programs, and even motion pictures. Whether it is culture in terms of political affairs, clothing or the latest musical sensations, the United States has always played the dominant role when it came to who knows what is best, first. Some cases of Americanizati...
Neoliberal Government Policies in Canada
Steger, M. B. (2003). The Economic Dimension of Globalization. Globalization: A Very Short Introduction. London: Oxford University Press.
Non Human Primates Essay
Robbins Burling, David F. Armstrong, Ben G. Blount, Catherine A. Callaghan, Mary Lecron Foster, Barbara J. King, Sue Taylor Parker, Osamu Sakura, William C. Stokoe, Ron Wallace, Joel Wallman, A. Whiten, Sherman Wilcox and Thomas Wynn. Current Anthropology, Vol. 34, No. 1 (Feb., 1993), pp. 25-53
Summary of the Development of Anthropological Theory from the XIX century to the Present XXI century
McGee, Jon R., and Richard L. Warms. Anthropological Theory: An Introductory History. 5th ed. New York: McGraw-Hill, 2012. Print.
Basic Cultural Norms
Nanda, S and Warms, R.L. (2011). Cultural Anthropology, Tenth Edition. Belmont, California: Wadsworth, Cengage Learning. ISBN – 13:978-0-495-81083-4.
The Negative Effects Of American Pop Culture
American pop culture has been plastered all over billboards and television screens, and heard on radios for many years. This pop culture take over has not only been seen in the United States over the eras, but has also been polluting countries all around the world with it’s constant influx. Not only is it giving the native people of those countries the wrong impression of what America is like, but it is also not what these countries want. Many countries wish to keep their cultural heritage strong without the negative effect of America’s culture on the newest generation. For many countries, the constant push for westernization is putting a strain on the culture.
Relativity In Anthropology
Park, M.A. (2008). Introducing anthropology: An integrated approach, with PowerWeb, 4th Edition. New York: McGraw-Hill. ISBN 978–0-07-340525-4
Participant Observation in Anthropology
Schultz, Emily A. & Lavenda, Robert H. 2005, Cultural Anthropology, 6th edn, Oxford University Press, New York, Chapter 3: Fieldwork.
The Nomothetic Theory Of Leslie White And Julian Steward
Since its inception, the academic discipline of anthropology has gone through constant paradigm shifts. In the nineteenth century, anthropology began as a nomothetic study based upon the development of cultures and societies through the process of evolution. Later on, several anthropologists particularly Franz Boas shifted the nomothetic approach of American anthropology into an idiographic approach, which focuses on assessing the development of cultures individually as their own separate entity. (Moore 2012:161) In the twentieth century, however, anthropology ushered in another paradigm shift. Several American anthropologists during this time, valued empirical data rather than applying the idiographic or the “Boasian” approach into their
Anthropology is Quantitative
Welsch, Robert L, and Kirk M Endicott. “Should Cultural Anthropology Model itself on the Natural Science.” Taking sides clashing views on controversial issues in cultural anthropology. N.p.: n.p., n.d. N. pag. Print.
Franz Boas Discuss the Contribution of Anthropology
Boas, F. (1930). Anthropology. In, Seligman, E. R. A. ed., Encyclopaedia of Social Sciences. Macmillan: New York.
Impact of Globalization on People
Larsson, Thomas. The Race to the Top: The Real Story of Globalization. Cato Institute, 2001.
Globalization and Technology
Throughout the essay, I will be evaluating how globalisation and technology may influence future offices being paper-less and people-less and how communication is heavily influenced by technology.
More about Globalization and Technology’s Impact on the World
- Third World
- World Wide Web
- First World
The Force of Globalization and Technology Essay
Globalization represents the practice through which integration and relations of nations, corporations, and people around the world are effectively realized. It is mainly supported by investment, international trade, and outsourced expertise, to mention a few (Berggren & Nilsson, 2015). This is facilitated by technological advancement, which plays a crucial role in strengthening interrelations across the globe. Technology is an imperative force behind globalization. Globalization ensures that commodities, services, and people move without restraint around the globe in a manner that is smooth and interlocked. It has promoted international trade hence enabling different nations to attain competitive benefit with respect to production (Broner & Ventura, 2016). This signifies that if two countries, X and Y, are manufacturing the same item but Y produces it at a lesser cost when compared to X, then Y will be selling the items locally and exporting some to country X.
To enhance economic globalization, all forms of trade and markets ought to be reinforced and existing barriers either lessened or eradicated to make sure that different countries enjoy the flow of products and services. Some of the negative effects of globalization include environmental destruction and job insecurity (Berggren & Nilsson, 2015). Overproduction of goods results in the overutilization of natural resources, which translates to increased pollution and negative climatic changes that pose serious threats to humankind and the advancement of the world. In addition, globalization has led to some high-profile jobs across the globe, either being insecure or temporary (Vadlamannati, 2015). The effect is mainly felt in developed nations because they have a great ability to outsource cheap production and white-collar jobs hence sacking or replacing local professionals when they deem fit.
Berggren, N., & Nilsson, T. (2015). Globalization and the transmission of social values: The case of tolerance. Journal of Comparative Economics , 43 (2), 371-389. Web.
Broner, F., & Ventura, J. (2016). Rethinking the effects of financial globalization. The Quarterly Journal of Economics , 131 (3), 1497-1542. Web.
Vadlamannati, K. C. (2015). Rewards of (dis) integration: Economic, social, and political globalization and freedom of association and collective bargaining rights of workers in developing countries. Industrial and Labor Relations Review , 68 (1), 3-27. Web.
- Chicago (A-D)
- Chicago (N-B)
IvyPanda. (2021, June 19). The Force of Globalization and Technology. https://ivypanda.com/essays/the-force-of-globalization-and-technology/
"The Force of Globalization and Technology." IvyPanda , 19 June 2021, ivypanda.com/essays/the-force-of-globalization-and-technology/.
IvyPanda . (2021) 'The Force of Globalization and Technology'. 19 June.
IvyPanda . 2021. "The Force of Globalization and Technology." June 19, 2021. https://ivypanda.com/essays/the-force-of-globalization-and-technology/.
1. IvyPanda . "The Force of Globalization and Technology." June 19, 2021. https://ivypanda.com/essays/the-force-of-globalization-and-technology/.
IvyPanda . "The Force of Globalization and Technology." June 19, 2021. https://ivypanda.com/essays/the-force-of-globalization-and-technology/.
- Easter Island Natural Resources Overutilization
- Cost-Effective Staffing Strategies
- Gayatri Chakravorty: Can the Subaltern Speak?
- Use of Pesticides in Agriculture
- Who Invented Your House?
- White-Collar Crime: Importance of Awareness
- White-Collar Crimes: Prevention and Fight
- An Overproduction Crisis and Reduce
- Shock Jock in Trouble
- Money and Justice: High-Profile Cases
- Globalization and Its Impact on the 21st Century Global Marketplace
- Globalization Issues and Impact on Poverty and Free Trade
- Advantages and Disadvantages of Globalization Essay
- Globalization of Bollywood and Its Effects on the UAE
- Managing Multinational Operations
304 North Cardinal St. Dorchester Center, MA 02124
11Plus Advantages of Technology in Globalization Essay
- June 2, 2022
Globalization is the process in which the people of a country get the benefits of the products and services produced in other countries, that are not otherwise available locally. This can either be by buying them or directly by importing them into your country.
In which my we provide advantages of technology in globalization. with globalization in full force and technology being the driving force behind everything, it’s no wonder we’ve seen an increase in the number of people that want to succeed globally.
Role of Technology in Globalization
Technology also plays a critical role in expanding your market reach, through the use of social media, email, and other internet-based advertising. As mentioned earlier, technology has made it easier for you to compete globally. It has allowed you to reach out in ways that have never been done before.
Technology has also started to play a major role in the new economy. The new economy is defined by the fact that the collective purchasing power of the masses has surpassed that of large companies and governments.
Advantages of Technology in Globalization Essay
Advantages of technology in globalization essay. The biggest advantage technology has brought on a global scale is that it has bridged the gap between different cultures. Advantages of technology include the ability to communicate with people from other countries, but also make it easier for businesses that want to expand overseas. Let’s discuss the advantages of technology in globalization:
1. New Opportunities for Businesses
One of the biggest advantages of technology is its ability to provide new opportunities for businesses. It enables them to expand their services, reach out to a bigger range of customers, and improve their services even further. New opportunities create in business to technology Globalization.
2. One World Economy
One of the biggest advantages of technology is that it makes globalization possible. It has done so through a decrease in international trade barriers and the creation of new economic opportunities. It has also achieved this by giving businesses access to information and markets.
3. International Communication
Technology has improved communication between different countries, thus enabling them to widen their business connections through one-click phone calls, e-mail and instant messaging, video conferencing, and social media platforms such as Facebook, Twitter, and Instagram.
4. Economic Growth
Technology has contributed greatly to economic growth, especially in developing countries. The internet has provided billions of people with the ability to access financial services, and information. In essence, this is what technology brings to the table on a global level.
5. Faster Technological Innovation
Technology has made it possible for businesses to interact with customers and suppliers more efficiently and effectively. Thus, making it possible to achieve technological innovations much faster than ever before.
6. Rise of Online Communities
Technology has provided an opportunity for people to connect. This is the reason why you can access Facebook, Twitter, Instagram, and other social media platforms. Which provides you with the opportunity to create online communities, where you can share ideas, photos, and videos with your friends across the world.
7. Businesses Increase Profits
Technology enables businesses to increase profits and sales by providing information about current market trends, sales of its competitors, and even new products or services on the market. Globalization increase business profile because it increases new business opportunities.
8. Reduction in Transactional Costs
Technology has in effect reduced transactional costs for businesses by allowing for the reduction of paperwork and travel costs to trade fairs, conferences, exhibitions, and other important events.
Globalization has been made possible by technology, which allows the sharing of information, products, and services between countries. Many companies have made use of this to expand their business reach, which eventually leads to a rise in profit margins.
10. Reduction in Distribution Costs
Technology has reduced the distribution costs for businesses by providing information and possibilities to buy products or services online by simply accessing the internet. Globalization also reduces distribution costs.
11. Promote Worthwhile Development
Technology has enabled the creation of a variety of development centers whose aim is to provide services and support for businesses. In addition, it also includes helping companies find and hire the best workers for any job openings.
12. Easier International Trade
Technology makes it easier to trade goods on a global level. Many businesses have been able to flourish with their e-commerce websites, making it easier for people to purchase their products online and having them delivered to their doorsteps.
Technology Globalization Examples
In technology globalization, a lot of examples see globalization in technology. In which we discuss the two Big examples of globalization example.
1. Growth of Multinational Technology Corporations
The expansion of multinational technology corporations is one of the biggest examples of technological advancement. Multinational companies that have offices in different countries can take advantage of technological advancements, whether it be through the use of online commerce or online marketing. Many big companies such as Apple, Microsoft, Google, and IBM have strategically used technology to improve their global reach.
2. Opening up Business to the World
Technology enables a company to open up the business to the world by providing information regarding how they can easily start their own business, where they can go for information, and even contact them. Technology has also been used by multinational companies, such as Apple, of course, to gain more customers on a global scale. Google has also made it possible for people from all over the world to search for products, services, or even content with ease.
What are the Benefits of Technology on the Global Economy?
There are many benefits of technology in the global economy. The advancement of technology has enabled us to enjoy the online world just as much as we do in real life.
Technology has also made communication easier for people around the globe. This has led to the development of multinational companies that have an international presence, thus enabling businesses to run on a global scale, with fewer difficulties.
- Ease of Communication.
- Increase in Tourism.
- Reduction in Marketing Costs.
- Global Distribution of Content.
- Reduction in Production Costs.
- Faster Technological Innovations and Information.
- Higher Levels of International Trade and Economic Growth.
- Information Sharing.
Impact of Technology on Globalization Essay
Since technology has come to a new level of culture, globalization has increased as well. Technology has made it easier for you to reach people all over the world, even if you only have a small budget for it.
Many companies have taken advantage of this, offering their services to anyone interested in what they are offering.
They do this through the use of social media, like Facebook, Twitter, and something as simple as email. It’s gotten to the point where one can even get a global business up and running in a short time, minimizing risk and maximizing profit potential.
A lot of people think that using technology has nothing to do with globalization. But technology is the main thing that has contributed to the success of globalization. Technology has made globalization possible because it has bridged the gap between different cultures and continents. Technology has helped achieve this by giving businesses access to information, markets, and customers.
Technology has affected globalization by making communication easier, more available, and quicker. This can be seen on social media platforms. It has also made it possible for businesses to connect on a global scale, thus creating opportunities for businesses to expand their operations on a global level.
[…] high capacity for data transmission, including internet services and applications on the move. 5G technology also provides more international coverage than current 4G networks. It will enable traffic and freight transport; vehicles are expected to […]
Leave a Reply Cancel Reply
Your email address will not be published. Required fields are marked *
Add Comment *
Save my name, email, and website in this browser for the next time I comment.
- Free Essays
- Citation Generator
Role of Technology in Globalization with Reference to Business Continuity
You May Also Find These Documents Helpful
Symbolic interactionism and feminism.
Throughout the chapters within the Sociology book, you may come across several diverse societies, which affects behavior or even the view of life for others, this is known as globalization. For example, first the financial crisis been trending toward greater interactions. The focus is financial flows in the financial crisis. Second, the study adds to the evidence that connecting with the rest of the world is a good thing. By connecting with the world, you can have a better understanding about what’s going on. Third, today's globalization is about outsourcing the different qualities. All kinds of knowledge activities, from business-related communications to professional travel, are of the charts. Fourth, the information revolution is spreading to every level of global society. The study extends the analysis of global interactions to data and communication flows. It finds rapid growth in advancing digital technologies and the Internet. In my opinion, globalization is something that you should not look at to be nothing. The society that we live in today shows exactly what globalization is and how it’s supposed to…
Internet Spread & the Uniformity of Cultures
The spread of Internet influenced the cultural globalization in several aspects such as business modes, communication, and education. There are several reasons of uniformity of cultures worldwide. Firstly, the development of economic globalization has played an important role in last decades, which means e-business is becoming dominant in many countries and learning the global cultures especially…
Globalisation Creates More Opportunities for Uk Businesses Than Threats, to What Extent Do You Agree with This Statement
Globalization is the growing trend towards worldwide markets in products, capital and labor, unrestricted by barriers. Globalization is not a new process but it has accelerated in recent years with the rapid growth of multinational companies and with the expansion of free trade with fewer quotas on imports. There are many key features of globalization, which has made an impact on business strategies such as; increased international trade, freer movement of workers between countries and finally the growth of multinational businesses in all countries. These create both potential opportunities but also limitations to businesses. In this essay I will discuss both sides.…
Globalisation and Australian Automotive Industry
Today globalization is essentially a synonym for global business. Globalization is changing the world we live in at a very increasingly rapid pace (Rodrik., 1997). Changes in technology, communication, and transportation are opening up borders and markets at increasing rates. In any large city in any country, Japanese cars ply the streets, a mobile call can be enough to buy equities from a stock exchange half a world away, local businesses could not function without U.S. computers, and foreign multinationals have taken over large segments of service industries. Impact of Globalisation, both theoretically and practically, can be observed in different economic, social, cultural, political, financial, and technological dimensions of the world. Globalisation has created a new world order and is gradually reaching new heights, incorporating all the fields to form a cohesive network. (Boyer & Drache, 1996)…
Assessment of the Essay of “the Fourth World War Has Begun
Globalization is a process that integrates all the nations around the world, by the unification of global economy with the worldwide exchange of products and services (David, 2002). With that unification, the other matters, such as politics, technology, capital, labor force and culture, all have to undergo a international interaction and fusion. The rapid developments of information and telecommunication technology in recent years, as well as the construction of infrastructure like transportation, have promoted and accelerated the globalization process by connecting people more closely and compressing the time and space for communication. As a result, the nations are becoming more closely interdependent in today’s world. The four basic aspects of globalization identified by the IMF (International Monetary Fund) in 2000 includes: the trade and transactions cross borders, capital flow and investment, international migration of people and spread of knowledge.…
The paper contains a critique of technology as the primary driver of globalization. Globalization is referred to the process of global integration that arises from interchange of global views, ideas, products, and culture’s different aspects. Technology is considered to be one of the major factors that contribute to the rapid increase in globalization. However, it is not the only driver for globalization. There are many other factors that have significant impact on the increase of globalization.…
Impact of External and Internal Factors on the Four Functions of Management
Globalization has invoked extensive debate over its impact and credibility, giving rise to a number of perspectives. Indeed increased globalization has prompted remarkable economic growth around the world. It has led to job opportunities in making the products that are exchanged with different countries. This has produced specialization and comparative advantage. The power of foreign competition has encouraged domestic industries to innovate and it has allowed resources to flow to their highest use as well. Further, globalization is the process that increased the link and interdependence of the world markets and businesses. It is a route of interaction and integration of the people, companies, and governments of different nations, a process motivated by international trade and investment and aided by information technology. The volume of world trade has increased due to globalization. Consequently, more jobs are being available to people and consumers all over the world are enjoying a wider selection of products made from different countries.…
The World Is Flat After All Summary
In his article, “The World is Flat, After All”, Friedman discusses the progression of the world via Globalization. Starting from the initial age of Globalization between 1942 and 1800 when countries were globalizing for resources and imperial conquest, to the secondary age with the corporate revolution (1800-2000), and finally, to today’s era of globalization that is not limited to where you live, what race you are, or how much money you have. Each stage of globalization brought about change by new technologies used in business and everyday life. The article highlights multiple points in history where cutting edge technology further globalized the world, such as the Microsoft Windows operating system, the undersea-underground fiber network, and the use of outsourcing. The most important part of Friedman’s article “The World is Flat, After All” is that the playing field for people, businesses, and countries is being leveled through globalization due to the many technological…
Global Impact Of Computing On Individuals Organizations And Societies
Computing has also had a large impact on the business world, as it has affected everything from how organizations conduct interviews to creating the technology for businesses to hold meetings across the world from anywhere. Globalization has become possible as companies can now open branches and offshoots anywhere because communication with the main offices is plausible. This has created a sort of “global company”, where companies are no longer restricted by regional and national ties; companies can now compete for resources and financial gain in any financial market or…
Globalization and the Internet
Today’s corporate world faces challenges of globalization and the Internet. Globalization is “the integrated internationalization of markets and corporations” (Wheelen & Hunger, 2010, p. 8). Wheelen and Hunger (2010) describe Thomas Friedman’s belief that because of globalization, “jobs, knowledge, and capital are now able to move across borders with far greater speed and far less friction than was possible only a few years ago” (p. 8). Some examples of globalization’s impact on the corporate world include increased competition and employment, new investment opportunities, the flow of foreign capital, expanding foreign trade, and the spread of technical know-how and education (Kulkarni, n.d.). As for the impact of the Internet, because of its universal accessibility, consumers have become more educated about the purchases they make and the services they need or utilize. Companies have to become even more consumer-oriented in the products and services they offer. Moreover, the Internet serves as a useful tool for the growth and viability of companies. For example, Wheelen and Hunger (2010) note that “the worldwide availability of the Internet means that companies can now locate anywhere and work with multiple partners to serve any market” (p. 8). Some businesses, such as Amazon and Overstock.com, have even decided to operate completely online to reach customers across all borders.…
Assess The Impact Of Technological Change On The Economy
Though the process of globalisation existed in its nascent state for quite a long time, but there have been many changes in the globalisation process in the last two decades that makes it distinct from earlier existences. Rather than commodities or other products- information and capital have become the major thing to be traded in today’s global market. Technological changes now a days allow capital to move almost instantaneously. Earlier products and capital were more rooted to a place. Today, many of the things traded and produced in the global market, such as knowledge and computer technology, are extremely mobile or rootless. All this has been made available by a vast network of satellites orbiting at twenty-two thousand miles in space, underseas fibre optic cables, wired and wireless networks, cellular phones, palmtop and laptop wireless computers etc. Thanks to this electronic nerve system which spans the globe. The global knowledge economy, i.e. a technology driven global economy, manifests itself in many different ways, such as profound changes in industry and firm structure, the emergence of the online economy, the rising value of knowledge, low inflation and rapid social change. In all developed economies, industry structure and the activities are changing rapidly. Output and employment in knowledge-based and…
Article Analysis Mgt 445
Globalization and technology moves the world of business forward. Globalization and technology are essential elements in providing new grounds for business transactions. Understanding how globalization and technology work to make negotiating across countries possible. This examination will discuss the various implications of globalization and technology in the negotiation process. Further, provide insight into the value of globalization and technology in business transactions.…
Emergence of the Globally Integrated Business World
Information technology and other technological innovations have put global markets within the reach of even small firms in remote locations. Yet, in spite of all its benefits, globalization has an underside. Critics point out its adverse effects, including those on developing nations.…
Roots Of Globalization
Globalization has become a buzz word within the last two decades. The term Globalization has a very broad meaning, and every individual looks at it in a different aspect. Globalization has been defined as the phenomenon of “acceleration and intensification of economic interaction among the people, companies, and governments of different nations (Levin Institute). In the last two decades society and its members have familiarized itself with the term globalization and the aspects affected by globalization. Some of these aspects include the increase of trade and capital around the world, and an increase in the exchange of knowledge. Amartya Sen, a Nobel-Prize winning economist was quoted saying, “Globalization has enriched the world scientifically and culturally, and benefited many people economically as well” (London). Everybody in the present world is now touched by the effects of globalization but that was not always the case. This paper will discuss the origins of globalization and the major landmarks in history that have brought trade of ideas, goods, and eventually technology to a global level.…
Globalization in Saudi Arabia
Globalization has had both positive and negative impacts on technology and especially in the communication ant transportation industry. Due to advancement in technology, communication and transportation costs have lowered significantly leading to lower costs in information storage and retrieval as well as data processing. Developments in electronics cannot be ignored either especially in the computer and microchip revolutions. Today, a laptop worth $2000 is more powerful than a mainframe computer whose cost was $10 million about 30 years ago. Internet, electronic mail and world wide web are also some of technological developments that have resulted from globalization and made communication and access to information easier,(intrilligator 2003).…
- International trade
- Multinational corporation