Social Sciences, asked by nicolesunil1472, 1 year ago

Impact of technology on globalization essay

Answers

Answered by S4MAEL
3
hyy...

☆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. Evidence of globalization can be seen in our everyday lives. Technology in many ways is the driving force because it is probably the most obvious aspect of globalization. 

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Answered by bratislava
1

Impacts of technology on globalization

Explanation:

  • Technology is a vital form of globalization and has revolutionized the world, and has become an essential form of competitive strategy and droves the world towards a more ethical standard.  
  • The advent of globalization has led to the opening of newer markets and fostered the increase of the competitive technology and has helped in the removal of the trade barriers.
  • The reduction of the transportation costs and delay and this technology has to enable the software experts to the world and collaborate and become global at a rapid pace.
  • Due to the technology, the innovation has taken by the MNC being technological advantages to the other nations also has contributed to the increase of the FDI and creating many opportunities for the investments and growth of businesses.

Learn more about the Impact of technology on globalization.

  • brainly.in/question/3402433 answered by Gaurav249.
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