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Technology as the Most Driver of Market Globalization

In: Business and Management

Submitted By Amira55
Words 265
Pages 2
In nearly every corner of the world, one cannot enter a café or walk down the street without seeing someone talking, texting, or surfing the Internet on their cell phones, laptops or tablet PC.

Information Technology (IT) is changing every aspect of how people live their lives. Technological advancement and IT development are the technological driving force for economic globalization.

Over the past few decades advancements in information technology have had a marvelous effect on the global landscape.The argument will be presented, that innovation in information technology has been a major driving force behind globalization and that information technology has now become a key component of a corporation’s global business strategy.With the development of science and technology and increase of income level, industrial structures of all the countries have been also undergoing readjustment and upgrading.

In recent years, developed countries in the west are gradually entering the era of knowledge economy and have started to shift to developing countries many labor-intensive industries of weak international competitiveness. This process of cross-country shift is pushing forward an in-depth development of economic globalization

Technology shaped and set the foundation for modern globalization like innovations in the transportation technology such as commercial jet aircraft and the concept of containerization in the late 1970s and 1980s. Inventions of microprocessors and telecommunications enabled highly effective computing and communication at a low-cost level. Finally the rapid growth of the Internet is the latest technological driver that created global e-business and e-commerce. internet access and some of the fastest broadband networks in the…...

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