Technology Is the Driving Factor for Globalization Essay

to the effectiveness of this “global economy,” or in terms of the subject of this essay, the modern

The age of globalization began in the 17th century when different parts of the world came in contact with one another by establishing trade relations. While globalization connected different parts of the world, it also gave rise to capitalism. The events leading up to globalization and in turn, capitalism, are interpreted differently by historians such as Timothy Brook, in his book Vermeer’s Hat and by Greg Grandin, in his book Empire of Necessity. This essay focuses on the interpretations of globalization and capitalism by these authors and discusses the impacts of capitalism between the 17th and 19th century. Brook argues that rise of global capitalism initiated through the movement and transculturation of products, people and ideas

At this point of time, globalization has grown to be a phenomenon that is significantly important economically, politically, and culturally. The amalgamation and incorporation of the world economy around the globe has reshaped business. Not only this, it has created "new social classes, different jobs, unimaginable wealth, and, occasionally, wretched poverty" (Kiggundu 2002, p. 4) by restructuring the lives of the individuals. For some, globalization is associated to modernism and contemporary practices. Others understand it as American domination (particularly those living in Asia). On the other hand, some people believe it to be the emasculation of America (Kiggundu 2002, p. 4).

In the late 20th century, technology began advancing so quickly that entire world economies underwent extraordinary transformations in very little time. It used to be only a handful of powerful people and corporations interacting in global trade and commerce, but technology has made it so “countries like India are now able to compete for global knowledge,” giving leaders and companies the ability to work with more nations than ever before (Friedman 7). The internet has given men and women the power to connect, communicate and provide information to people across the planet in an instant. It has given people the opportunity to seek knowledge, educate themselves and single-handily play a role in the world economy. This is called

The 20th century brought with it a rapid expansion of the global interrelatedness of the world. In the beginning of the 20th century the world was dominated by a European world system of colonial empires that was created through expansion by sea (Findley, 2011). The competition between Britain and the other colonial powers led to an insatiable appetite to expand their empires across the globe (Findley, 2011). As the 20th century progressed this European world system collapsed and a new three world system of the United States, Soviet Union, and the rest of the world emerged (Findley, 2011). The end of the century coincided with a new era of globalization that was made possible by the introduction of global communication via the internet (Findley, 2011). This new technology brought the entire world closer together than it had ever been before. The four events that best illustrate the progression of global interrelatedness throughout the 20th century are the Great Depression, World War II, Cold War, and the introduction of instant global communications via the internet.

The level of world trade had become higher than levels of years past and widen the range of goods and services. Electronic and satellite economy have helped gotten letters delivered faster through email and text instead of horseback. The Morse Code was removed from the world stage in 1999 because of advancements in technology. People around the world can move money from one bank to another in a whole different country with the tap of a button. Transferring money can destabilize a country’s economy in seconds. The problem with both groups is that they see globalization as an economic

Information technology has advanced in multiple ways in society, where organizations has implement the structure into their work environment. Industries have outsource their manufacturing to other places in the world and rely on telecommunication to keep the marketing. The geographic distribution has changed significantly by reducing the distance it takes to complete an operation, due to information technology. These are just a couple of examples of how this advanced technology has reshape our society and continuing.

The last century has brought dramatic changes to the world. The globe has become more integrated, linking countries together economically, socially, and politically. Yet, as a result of this globalization, the world economy has become

In Thomas Friedman’s The World Is Flat he presents his idea of the globalization of the world in all areas; from economic to communication with other countries. Friedman is a journalist from the New York Times and most of his work focuses on economic and technological innovations and advancements, and furthermore how they are associated to history. The ideas he presents in this book are both plausible and convincing. The main focus is whether the world is “flat“. The answer to this question depends on the readers’ political, economical, and technological opinions. Friedman does however present evidence in many situations where the globalization of the world is clearly evident. This essay will explore these different

In our present society, people cannot deny that the changes in this world have been tied to the advancement of the technology. It has evolved with this society so deeply where such conveniences are no longer luxuries but rather necessities. Unfortunately, the most affected group of people from the developed technology is the younger age people (Subrahmanyam, 2000). In the past, children were more lively and active: playing outdoors, running around, climbing trees and remaining active rather than watching television and playing video game and computer. It is true that the use of the technology has its own virtue. It provides value, convenience and entertainment, but it should not take the place of movement and realistic

Communication was key to the economy’s growth. Many people communicated through phone, telegraph, and radio. As years went by, new devices were created such as computers, which

There has been a great deal of discussion in recent years about globalization, its impact has been both praised and criticized. Globalization is defined as the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications. I believe the technological advances have had a positive impact on globalization. The use of cellular/mobile phones and the internet have allowed easier access to conduct business anywhere in the world.

Many historians and sociologists have identified a transformation in the economic processes of the world and society in recent times. There has been an extensive increase in developments in technology and the economy as a whole in the twentieth century. Globalization has been recognized as a new age in which the world has developed into what Giddens identifies to be a “single social system” (Anthony Giddens: 1993 ‘Sociology’ pg 528), due to the rise of interdependence of various countries on one another, therefore affecting practically everyone within society.

Castells, M., 2000. The Rise of the Network Society - The Information Age: Economy, Society and Culture Vol. I. Cambridge, MA; Oxford, UK: Blackwell.

Economic globalization has become the most important feature and a general trend of present world economic development. Globalization is a phenomenon and also a process of development of mankind and human society (Hamilton, 2008). It is the essential feature of the modern age. Globalization is the cross-border flows of capital and goods, including capital, labour, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, and the germination of it could date back to the 16th century. After the industrial revolution, capitalist commodity economy, modern industry and transportation have been developing rapidly. The world market was fast expanded and the foreign trade was