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  • Essay / Impact of technological change on the process of globalization

    IntroductionMany people, when they think of globalization, quickly associate it with the rapid expansion of trade, financial markets, and business activity. At the end of the 20th century, technology was added to the list of new drivers of globalization, as it continued to revolutionize. From the telephone to the World Wide Web, countries are increasingly connected to each other politically, economically, culturally and environmentally. In other words, it's like living in a world without borders. Are these changes beneficial to organizations in today's world or can their impact be considered a competitive advance in a challenging market? Without further ado, we'll explore this mission further in part one, in addition to the impact of technological change on... in part two. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay Technology as a Driver of the Globalization Process In most parts of the world, technology plays a vital role in the way people live their daily lives. From professional to personal use, we see that everyone is involved in technological advances. While some conclude that this driver of globalization is beneficial, others believe that it has impacted them. This is a massive debate that cannot be generalized as we can see in the business world from these 2 articles: the financial review (2017) states that: “Economists realize that globalization and technology could be the two main culprits in moderating corporate wages. middle class workers. (Financial Review 2017) At the same time, the AFP states that: “Globalization has transformed the international economy by reducing the cost of transferring information across the world to almost zero. » (AFP) In business operations, many forces determine the trends that affect managers and professional lives. However, the increasing speed of technological innovations, particularly information and communication technologies and nanotechnologies, which lead to new products and new ways of working, are making some skills obsolete and creating the need for new skills . It could be argued that as the global economy develops, global trade relationships increase in number and value, while the nature of international trade also becomes more inclusive, multidirectional and interdependent. These new international trade ventures worry some companies, as the demand for high technology plays a dominant role, thereby threatening the satisfaction of technological demand. Transportation technology grew dramatically, leading to a revolution from the steam engine to a faster, safer engine. transportation, whether by road, air, rail or sea. So far, there have been discussions about evolving transportation technologies that could change the future. The idea of ​​an autonomous vehicle could be useful in many facilities where considerable amounts of money will be saved in infrastructure and workforce development, even though many people may lose their driving jobs. At the same time, it can lead to risks when technological systems fail to give the appropriate signal to these vehicles, for example more accidents may occur. Furthermore, taking into account the technology of :.