From braking and steering system advancements to AI, a global approach will bring vehicle automation to … 1 Introduction 2 Drivers of Globalization 3 Theories and Models of Gobalization and International Trade 3.1 From mercantilism to Smith and Ricardo 3.2 Ricardo to the next step: Factor Proportions Theory and the Leontief Paradox 3.3 Vernon Life-Cycle Theory 3.4 Porter’s Diamond Approach 3.5 Monopolistic Advantage Strategy 3.6 Eclectic Theory 4. A prime example of technological globalization is that China and India have benefited economically as technologies like airplane, container ships have allowed China to export its goods to Europe and US vice versa and allowed countries to exploit their comparative advantage in trade. Globalization and technology have both had an astounding effect on businesses small and large. However, the same patterns of social inequality that create a digital divide in the United States also create digital divides within peripheral and semi-peripheral nations. The effects of technology breakthroughs on globalization are creating immense transformations in the way corporations and industries organize their production, trade goods, invest capital, and develop new products, services, and processes. There is, certainly, the risk of cultural imperialism, and the assumption that core nations (and core-nation multinationals) know what is best for those struggling in the world’s poorest communities. http://cnx.org/contents/02040312-72c8-441e-a685-20e9333f3e1d/Introduction_to_Sociology_2e. This is due, in large part, to political and trade policies that have allowed economic structuring to open up in a way that facilitates both domestic and international trade. McDonald's in Japan, French films being played in Minneapolis, and the United Nations are all representations of globalization. The Industrial Revolution has caused many ecological problems, including, resource and food shortages, overpopulation, reduced biodiversity, pollution, and climate change. Individual economic entities, such as businesses, investors, traders, and even consumers, have a large number of new and ever-evolving technological tools that make international connection and trade more attainable. A series of develop­ments such as radical advancement in science and technology of communication, free fabulous movement of finance, capital and commodities, accelerated social mobility and national and inter­national migration and consequent swell of diaspora result into what we call globalization. Despite their influence in shaping a new pattern of global competition, each has unique problems. Major breakthroughs in information technology, communication, and transportation have been the driving forces behind the early 21st century global market boom. Globalization is the way to open businesses, improve technological growth, economy, etc on international level for the international players. Technological development has helped increased globalization. Give examples to support your reason. Why, or why not? The effects of technology breakthroughs on globalization are creating immense transformations in the way corporations and industries organize their production, trade goods, invest capital, and develop new products, services, and processes. Works Cited Aamoth, D. (2014, August 18). In these countries, far fewer people have the training and skills to take advantage of new technology, let alone access it. CNN which is the global news network is able to spread and telecasting its news globally by using the technology. Particular technological advances, for example, the convergence of service modes and the microelectronics revolution, provide economies of scale but also require rapid inputs for capital investment. Globalization boosts technological development The increasing intensity of global knowledge flows points to important benefits of globalization. Technological access tends to be clustered around urban areas and leaves out vast swaths of peripheral-nation citizens. Technology has not only played a role in ushering in the age of globalization, it has been the main catalyst for its advancement. Cruz, Laguna • IT 2106, Laguna University - Sta. For example, a retiree in Spain who can instantly buy and sell stocks in an Australian company. The role of technology in globalization Different forces account for globalization. The globalization of technology is being spearheaded by North America, Western Europe, and Japan. 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