Impacts of Technology on Globalization
According to Altbach, Philip, and Laura (pg79), information sharing across a vast distance range is one of the critical indicators of how technology has enhanced interaction and communication among individuals across borders, countries, and oceans. In its simplest definition, globalization is the developing interdependence of the world’s cultures, economies, and populations, induced by cross-border communication and trade in goods and services and flows of investment, information, and people. The agrarian revolution was among the earliest forms of technology which brought up an association between countries whereby countries could exchange their products and services resulting from their agricultural activities. The ability to share ideas, services, and information in general across various countries across the world defines globalization, an aspect which has been indeed engineered by the innovation, adoption, and use of technology. The key objective of this paper is to vividly discuss how technology has impacted globalization in various ways today.
Through the worldwide web, institutions of higher learning, for instance, universities and colleges can enroll students from across the world. Alongside business, another critical factor promoting globalization is education. The use of technology in various ways in education has impacted globalization and international relations across continents (Goos, Alan, and Anna, pg112). Online learning and enrolment, enhanced by the use of technology, has given schools the ability to have students from across the world being enrolled and educated from any location in the world. Students across the globe, for instance, have studied at Oxford University either physically or remotely through online learning procedures. International schools have given out scholarships to the third world countries and thus students from countries like Nigeria, Kenya, Ghana, and many more from Africa, thus, allowing them to travel across the world. International education and training, therefore, has been made more efficient due to technology; hence, the role of technology in globalization coming out clear.
Business and economy are the main factors leading to a high level of globalization across nations in the world. Technology has played a vital role in enhancing global transactions in terms of the economy and business (Helpman, pg30). Most companies have become global as a result of information technology and its impact. Secure and more reliable means of communication and information sharing are some of the critical aspects of technology that have improved cross country trade, thus globalization. Headways in technology have impressively encouraged globalization. Technological advancement has been one of the significant powers driving globalization. Innovative breakthroughs compel business endeavors to end up worldwide by expanding the economies of scale and the market size expected to earn back the original investment.
Technological advancements diminish expenses of transportation and correspondence crosswise over countries and along these lines encourage worldwide sourcing of crude materials and different information sources. Patented technology empowers globalization as the firm owning the patent can exhaust foreign business markets without, or with minimum challenges. Innovation technologically has prompted the development of the global village (Meschi, Taymaz, and Marco, pg659). For instance, the worldwide web has diminished the boundaries of time and place in business dealings. Purchasers and dealers would now be able to make transactions whenever and at any time, anywhere in the world. Technological change likewise influences investment worldwide. Prior, high technology production was restricted to rich nations with high compensation. Now technology is effectively transferable to developing nations where cutting edge generation can be joined with low wedges. An enormous number of firms in advanced countries nations are presently outsourcing concentrated work administrations from developing nations like India.
Alongside business, the critical driver of globalization is employment and recruitment where individuals from different countries go and work in other countries. E-recruitment is an aspect of technology where digital companies can recruit their employees online. Today, various employees are hired online either locally to work for organizations in their countries or internationally to work for other organizations overseas (Nikolova, Vasilevna, Grigorievich, and Natalya, pg401). Online recruitment can force an employee to either travel to the country where he or she is employed, or rather, the employee depending on the employment terms, can work for an international company remotely. All the above described form an essence of globalization which is made possible through the invention, adoption, and use of technology. Technology, thus, has a considerable impact on globalization through international recruitment and employment, which leads to a vast relationship between countries.
Conclusion
From the above study, it is just to conclude that technology and innovation have played one of essential jobs in globalization. The IT division has made the exchange of information more straightforward and more secure. Because of technology, numerous things have been made conceivable like scanner tags that have helped in the progression of item data. Innovation has presented various employments as well. Payments have been made easier. Presently an individual can utilize his card to pay in a remote nation effectively as opposed to getting befuddled about the foreign money. It has helped in making numerous worldwide stages for sharing data, figures, facts, arrangements. It has brought the most significant market at the fingerprints of purchasers and has evacuated the need for physical human connection for shopping.
Works cited
Altbach, Philip G., Liz Reisberg, and Laura E. Rumbley. Trends in international higher education: Tracking an academic revolution. BRILL, 2019.
Goos, Maarten, Alan Manning, and Anna Salomons. Explaining job polarization in Europe: the roles of technology, globalization, and institutions. No. dp1026. Centre for Economic Performance, LSE, 2010.
Helpman, Elhanan. Globalization and wage inequality. No. w22944. National Bureau of Economic Research, 2016.
Meschi, Elena, Erol Taymaz, and Marco Vivarelli. “Globalization, technological change, and labor demand: a firm-level analysis for Turkey.” Review of World Economics 152.4 (2016): 655-680.
Nikolova, Liudmila Vasilevna, Dmitriy Grigorievich Rodionov, and Natalya Vladimirovna Afanasyeva. “Impact of globalization on innovation project risks estimation.” European Research Studies 20.2 (2017): 396.