Globalization and Technology

2170 Words May 16th, 2005 9 Pages
GLOBALIZATION AND TECHNOLOGY

I think that if we want to talk about globalization first of all we must define what the globalization is. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

When i make some resarches on in the internet i find two different ideas about globalization and technology first one says that: Globalization and technological innovation are interdependent processes.
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Free Trade
Free trade has been a hotly contested issue. Nevertheless, it is generally agreed that free trade in some form or another is inevitable. Sectors that have declined as a result of the Canada B U.S. Free Trade Agreement (FT) were sunset industries such as clothing, furniture and various household products. These sectors were vulnerable over the long term regardless of any new trade agreements. And, the conclusion

Canadian firms have been successful in the United States; exports and merchandise trade balances have profited from the North American Free Trade Agreement (NAFTA). Trade success elsewhere has been less dramatic. For example, between 1983 and 1992, Asia accounted for 20 percent of the increase in U.S. exports, but only six percent of the increase in Canadian exports. And, although Canada has traditionally had a merchandise trade surplus, this surplus has been increasingly over-overwhelmed in recent years by a soaring non-merchandise (services) trade deficit. Rapidly rising interest payments on the foreign-held debt and a large deterioration in the travel/ tourism account are the main causes.
There are some ways Canada may benefit from expanding global markets. For example, infrastructure projects are always in progress in any rapidly developing country, so opportunities exist in the design
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