How has the technology helped in enabling globalisation. Explain briefly.
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IT or information technology does a few things -
Storage of large amounts of informationUbiquitous Access to the informationAstronomical types and amounts of calculations on the informationInstant Communication from large distance in any format (text, video, audio) at low cost.Things can be automated and scripted.
All of these ultimately means that the Internet is uniform throughout the world,and accessible too.
Thus, information technology helps in globalization in the following ways
Unlike conventional information sharing, now information is not limited to one place in a physical copy. Everyone has access to Wikipedia. And in today's world, knowledge is the biggest asset. And IT thus provides a level playing field for all.Communication between countries, groups, communities, etc make them intertwined and interdependent.It created a big single uniform market throughout the globe. Since it's a virtual market and everyone can access it. Hence exports and imports are hugely influenced since it makes demand and supply meet.Employees and employers in this field can be large distance apart, and resulting international services helps in bringing parity to the wages across nations. The gap fills faster than it would otherwise have. Eg. India, here IT industry exports to developed countries and wages gap has been shrinking.Distance does not matter. Better people to people connectivity and better exposure helps in human capital formation.
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Storage of large amounts of informationUbiquitous Access to the informationAstronomical types and amounts of calculations on the informationInstant Communication from large distance in any format (text, video, audio) at low cost.Things can be automated and scripted.
All of these ultimately means that the Internet is uniform throughout the world,and accessible too.
Thus, information technology helps in globalization in the following ways
Unlike conventional information sharing, now information is not limited to one place in a physical copy. Everyone has access to Wikipedia. And in today's world, knowledge is the biggest asset. And IT thus provides a level playing field for all.Communication between countries, groups, communities, etc make them intertwined and interdependent.It created a big single uniform market throughout the globe. Since it's a virtual market and everyone can access it. Hence exports and imports are hugely influenced since it makes demand and supply meet.Employees and employers in this field can be large distance apart, and resulting international services helps in bringing parity to the wages across nations. The gap fills faster than it would otherwise have. Eg. India, here IT industry exports to developed countries and wages gap has been shrinking.Distance does not matter. Better people to people connectivity and better exposure helps in human capital formation.
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Technology are the improvised methodology in areas of application
The use of technology and inventions in the recent past have made the term globolization a reality
Globolization is a economic development in sharing of ideas in terms of business internationally
Technology has aid in this in several ways
Teleconference
Meetings are held online and individuals are relieved of travel expenses
Sharing of information
The social media as a result of technological advanced
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