Topic > Globalization in the Sphere of Technology and Business

Technology has become synonymous with the word “Access”. Technology enables radical free trade and thus improves the consumer economy on a global scale. It has been most evident in history that technology has certainly enabled many companies to excel globally and has exemplified “radical free trade” on the universal market. Technology makes everything possible by simply adopting cost-effective high-tech evolutions in no time and the result is limitless. By ridiculing distance and time zones, technology has created an era of radical free trade with a global concept of “anytime, anywhere.” Whether it is eBay commerce, distance learning or telemedicine that allows healthcare to go further; technology has made the world virtually compact. By creating a common platform to invite, invent, and collaborate, technology has transformed free trade into radical free trade, but it has created dependency, making the graph of radical free trade directly proportional to the technology. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Technological developments in recent periods have significantly amplified the competitive nature of business. Companies have used software and the Internet to revamp their business from local to global competition. Many companies have responded to these changes by automating business processes and seizing industry-related data and using it to their advantage. Technology has also transformed businesses to persist flexibly and thus acclimate their operations to fresher and improved industrial advancements to withstand business competition. This has created wider choice and awareness for a common consumer. Friedman, along with many others, believed that commerce had been reformed and reordered over the past two decades due to continuous innovations. Friedman's perception of "the world is flat" as he described several flattening factors that make the world a common playing field so that anyone from anywhere in the world can join and compete on the same level. This gives some justification to his vision because of the obvious swing in technology that has spawned the concept of business globalization. But in my opinion it is not entirely true due to some limitations that the technology faces. I think the word “globalization” has certain boundaries as it is mainly attributed to nations with technological adaptations such as developed countries and some developing countries. There is still much of the world where free or radically free trade is not possible due to the lack of these technological adaptations. I agree with some of my colleagues here that the world is still flattening. Some points to note here in his talks are individual influences and opportunities and which populations are implementing them; the precision of geopolitical borders; international trade policies; etc. At the same time, it does not necessarily make a positive contribution to the global economy or foreign exchange. The globalization of some professions has led to the collapse of local businesses, resulting in the depreciation of the local economy, and has created a monopoly in some activities. Development or destruction can go out of balance with technology, and if that happens, the impact goes beyond borders, affecting everyone within reach. The development of technology can decide the future of the state in terms of financial growth and its place in international society. The evolution of technology is the.