The Impact of the Internet on Globalization Essay

For decades till today, the word of “Globalization” has been a controversial topic between the nations. Some people are against and the others are for it. In simple words, the meaning of globalization is the merging of all the world to become a small village, and that is surely will lead to more interaction between the people from different parts of the world.

At the moment, the whole world is being swept by globalization at a speed that is both immense and inescapable. The present scenario can be associated with that water glass which is considered as half-empty by the pessimist and is viewed as half-full by an optimist. The Internet has empowered cultural globalization tremendously. It has initiated an environment that is globally borderless. If the impact of internet on cultural globalization is judged, one would crystal-clearly observe that it has made nations realize their potentials and strength. Its usage has created new and additional wealth worldwide by eliminating cultural differences ("Creating Wealth in a" 2006, p. NA).

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

Perhaps, the most important facts about the internet are that it contains a wealth of information, that can be send across the world almost instantly, and that it can unite people in wildly

With easily accessible hi-speed internet connections that grant communication between people thousands of miles away in milliseconds, it is hard to imagine that this essential commodity, the net, is a recently developed technology – that not too long ago, people were not able to easily communicate with loved ones across the globe. As a result, the internet is often credited as the spark that ignites the beginnings of globalization – a modern phenomenon arising from the integration of multiple cultures. However, in Vermeer’s Hat, published in 2007 and written by Timothy Brook, Brook offers a different opinion. He believes the rise of globalization began from an era, centuries before the online web and argues that the roots of humanity’s

The Internet makes the world smaller. The ability to communicate and exchange information instantaneously and across enormous distances has enabled more individuals and businesses to participate in the economy, regardless of their location. Corporations can connect with suppliers, employees, and customers around the globe, and smaller businesses can find their customers anywhere in the world. Businesses can hire knowledge workers almost regardless of where they are, greatly expanding employment opportunities for people in the United States, and giving developing nations the ability to become economic powerhouses by providing information technology services to the rest of the world (Gates). The Internet, along with other computer technologies, is literally enabling some developing countries to "leapfrog" the industrial revolution and jump straight to the Internet Age (Malaspina 77).

Advocates of economic globalization state that “globalization offers a number of opportunities for individuals.” These “supporters” promises that globalization has the potential to make the world a better place and that it can, handled properly, solve world-wide poverty and unemployment. Also, these same individuals are for free trade, which is said to promote economic growth, create jobs, lower consumer prices and encourage competition. Because of globalization, free trade offers unlimited opportunities for business undertakings to create trade all over the world. There are several way in which trade is linked to globalization. The first way includes the extraordinary progress of foreign country investments. This progress has been permitted by worldwide internet accessibility. Another way, is the increased competitive advantage, through a diverse labor source. Different countries have specialized labor that goes along with in their manufacture goods. The evolution of technology modernization has also been subjective by trade on a worldwide

The world appears to be a much more smaller place than it has ever been. In fact there seems to have been an emergence of a “global network”. Countries are more reliant on each other than ever before for the deliverance of goods, technology, and information that are crucial to their prosperity. This is the direct result of globalization.

The easily accessible Internet and the Worldwide Web revolutionized information sharing. For the first time data could be shared in real time as text, voice, graphics, and video among anyone with access to the Internet. (Gomez).

With the development of Internet technology and enormous needs of networking around the world, the Internet is becoming dominant appliance in many sections such as business, communication and education. The spread of Internet in some degree has influenced uniformity of different cultures. However, cultures are not geography boundaries, they should not be considered as a result from spread of the Internet. (Kaplan，2009)

The reductions of international trade and investment barriers made globalization of markets and globalization of production a theoretical possibility; technological change made it a visible reality (Hill, Cronk, Wickramasekera, 2014). Over the years, there has been major technological development. There are three major technological advancements, include microprocessors and telecommunications, the internet and the World Wide Web and transportation technology (Hill, Cronk, Wickramasekera, 2014). The microprocessor and telecommunication revolution is the one that cause the most significant effect which they allow users to communicate to each other through simple processes; these include satellite and wireless communication. Developments in communications and microprocessors have reduced the cost of global communication and hence the cost of coordinating and managing a multinational corporations. The second advancement is the internet and the World Wide Web. In 1990, there were fewer than one million users of the internet, but in 1995, there were 50 million users and more than 2.4 billion users in 2011 (Hill, Cronk, Wickramasekera, 2014). The internet and the World Wide Web could be considered as an equalizer which it reduces the differences of location, scale and time zones. Therefore, it makes the demanders and suppliers to identify each other easily and provides the opportunities of

The evidence of globalisation can be seen in our daily lives, as we are being influenced by the rush of social and economic forces in which internet possibly has been the most visible aspect of globalisation and in many situations its driving force. The internet has helped breaking down barriers of communication between cultures and nations in such a way that could not be dreamed of previously. Recently, the world has been going through a period of globalization in all spheres of social life and in this process, the internet has a key role, which with the help of communications technology, has revolutionized how people expand the global knowledge base, work and provides a variety of ways to bring people and cultures closer together. The largest contributors to globalization are computers, a global telecommunications infrastructure, and the Internet, this article focuses on various aspects that internet plays in globalisation.

Internet is a global network that connects millions of computers together and allows people to communicate and share information with each other in an effective and easy way. It has become the most widely used means of communications of recent times. “The number of U.S. homes with one or more personal computers increased by 16% (in 1995) to about 38 million households, up from 33 million in 1994 and 25 million in 1993” (Fox 9). “Along with that staggering stat, the National Commission on Libraries and Information Science has reported that 95% of the public has access to the Internet” (“Free Essay”). Internet is filled with a lot of information on almost every topic in the world and anyone

1. The impact of globalization and the internet presents real challenges for corporate strategic planners across the world. What is the impact of globalization and the internet on the corporate world? Explain the important role of strategic planning in todays' competitive business world in light of these two forces?

The rapid growth in technology which ushered in the information age has become the basis for defining power in the modern societies. It is a widely accepted fact that no modern economy can thrive without an integral information technology and telecommunications infrastructure on board.