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The role of technology in globalization

The role of technology in globalization

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The role of technology in globalization

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  1. The role of technology in globalization

  2. The role of technology in globalization • One of the most wonderful occurrences of the 21st century and which make distinct from previous centuries is globalization. • Numerous governments, businesses and other entities from different nations are able to develop international interactions, impact and collaborations. • Different forces account for globalization. Examples include multinational organizations such as the European Union (EU) and United Nations (UN) that serve to increase co-operation among different countries. • Social technology champions the seamless transfer of ideas and information within and beyond the target country.

  3. What are the most prominent advantages of globalization? • The boost in economic power • Increased standards of living • Provision of rewarding opportunities • Increased productivity and general output. Technology is the driving force of globalization. Technology provides some sort of template for globalization while also solving the challenges associated with it.

  4. Let’s take a look at how technology resolved some barriers to globalization; • Trade barriers; handled by e-commerce, electronic delivery of services, etc. • Common standardization of products and services; this is provided by multinational organizations such as the World Health Organization (WHO) which employs technological strategies to regulate the world’s health sector. • Delay in information exchange; handled by the internet and social media The internet (or ICT in general) remains the greatest gift of technology to globalization.

  5. Let’s take a look at how technology resolved some barriers to globalization; Smartphones and social media are the absolute GOATs (Greatest of all time) of globalization. Their influence spans through social, political and economic globalization. Smartphone users now access many sophisticated technological tools from the comfort of wherever they are. It eases many life activities and offers various opportunities. Such tools include artificial intelligence, geolocation, video calls, information search, and millions of mobile applications that are available for numerous purposes. CONTACT US : 2547807377 VISIT :https://theexchange.africa/opinion/the-role-of-technology-in-globalization/