The Effect of Technology on Globalization

The Effect of Technology on GlobalizationTechnology is understood to be the driving force of globalization that began in the 18th century and has continued ever since to the twenty-first century, intermediate three industrial whirlings pass away taken place. The 1st industrialization transformation was in the 18th century that took place in manufacturing industries. The 2nd industrialization revolution was in the ser delinquencys industries. The 3rd industrialization revolution of the 21st century which we be going through is know as learning age as described by Adam Smith.This scientific nurture has aided globalise the homo economy and it is also cognize as the Kondrative yearn Wave process (K-wave)3. As the diagram below shows-The diagram describes the tends of technical changes that gather in taken place since the industrialization revolution, relating from production, distribution and dialogue, that has fuelled the globalization. It has brought ab show up insane asylum and int datection amongst nations that werent practicable before. That has led to some of the greatest craft that revolutionized stack, dialogue and interaction to a whole new level and increase globalization .As Thomas Friedmans said Globalization is not a choice. Basically, 80% of it is driven by technology4. fit in to Cable (1995) out-migration cost are falling with alter physical communication with the suffice of improved technical advances in telecommunication, computing, fibre optics and satellites.5Which has gisted in the speeding up of nurture flow and the raptusation of goods across nations much(prenominal) quickly and expeditiously . This is existence achieved through the technologies menti integrityd above, that is at the heart of the communication and transportation globalization, which is ongoing. Joseph Schumpeter has called it a glass in of creative distraction6. Take for instance transportation scheme wouldnt have been make possible without the invention off locomote engine in 1796 a problem solved by James Watts7The diffusion of steam engine technology to streamline broadcasts, with the help of propulsion technology and the entering of Jet Aircraft in 1950s brought about new dynamics of globalization which has allowed flexibility in movement of labour freely. This innovation has allowed massive frugal expansion to take place and caused Global shoplifting, in terms of distances. As the Diagram below illustrates on how travelling distances have been reduced oer time and do world smaller The diagram shows the Global Shrinkage the effect of changing transportation technologies on Real distances8. Improvements made in transportation and the development of containerization allowed goods to move from place to place and continent to continents ever since its launch in 1956 to move goods from Newark, New Jersey to Houston Texas through the disjuncture of Mexico9. transfer ports around the world have cranes built to lift the containers more efficiently and thus saving money and speeding trade. Compare to pre-containership era of 1960s where trade was slow and unreliable that also fall payable to bad weather or thieves. As Economist Paul Kurgnam says that the result is new economic geography requiring new theories of location and trade. The changes have been two technical and political10.Technological development has helped increased globalization. A rash 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 reinforcement in trade. Article named The container that changed the world published by Virginia Postrel in New York times re-enforces the point that Low transport costs help make it economically sensible for a milling machinery in China to produce Barbie dolls with Japanese hair, Taiwanese plastics and American colorants, and ship them off to eager girls all over the world, writes Marc Levinson in The Box How the Shipping Container Made the institution Smaller and the World Economy Bigger11.According to Kondrative Wave (K Wave) system we are in the fifth cycle that is known as the Information Age. The net /World Wide Web has been the biggest involvement to come out of Information technology advancements. That has revolutionized how development is passed or its handiness thus creating an economy based on knowledge. The net income has been described as a decentralized, global medium of communication comprising a global vane of linked networks and computers.12As raft across countries can trade and transmit instantaneously economically, for example e-mail has allowed instant communication through the World Wide Web, World Wide Web on the other has made World One as countries can now trade with separately other, all made possible receivable to the cost effectiv eness technological advance like the internet /world wide web. Where information is been interchange at a global level instantaneously. As Information is the new mantra that spells success in the modern world13Technology like the Internet has given rise to E-commerce E-commerce that refers to course conducted through means of electronic communication networks like Internet. That has brought about new dynamics to the globalization of businesses. Where virtual business can be set up and trade worldwide without whatever barriers stopping them. For example business like Amazon, Borders and eBay that have sprung up because of Internet have transformed the way small business operate and have given opportunity to individuals to enter these global markets. As Internet help provides a cheaper faster way of communication between business and its consumers worldwide. other sector that has seen the biggest relate because of technological globalization is the financial sector, where diffusio n of information based technology has made possible battalion around the world to trade 24/7 trading has moved to electronic system from the physical system making money move more efficiently and on a faster level, thus allowing more participation of those people who are connected with the internet.Technology has also impacted the cultural globalization with inventions like telephone and television. Telephone has made it feasible for any one to talk to each other regardless of where they are geographically in the world, all made possible with the help of satellites and mobile phones that has made possible to make a call, receive e-mail, texts and however allow video call. It is due to technological advancements made in the field of communication, as seen no countries are now really apart. All made possible due to technological breakthrough in communication that have revolutionized business, commerce, and linked millions of people. TV on the other hand has connected parts of world, where they feel and see without having to leave the room. On TVS by just a touch of the remote button, that allows people to explore worlds on different channels it is made available because of Internet, communication advances and with the help of sounds and visual that are transmitted through the TV. Communication technology has brought the world closer and people closer regardless of where they are in the world.We have found out that form the 1st industrial revolution Technology has had a great impact in the globalization as it help join the world together, where distance is no barrier for trade and is considered to be an essential part of economic globalization activity. As Friedman pointed out that 80% of globalization is technology driven. The technological development made in areas like communication and the invention of telephone and Mobile phones all with the help of satellites has made help removed the time and distance that has excited before. Transportation on the other hand has allowed trade to take place more efficiently and cost effectively with the help of the containerships, Jet Airplane and electric trains. It has helped facilitated growth between nations, as countries are able to take advantage of their comparative advantages as large goods can be exported and imported between countries.The spread of information technology has made production networks cheaper and easier, all made possible because of digital networks like the Internet that is cost effective. This has been one of the entire economic globalization factors that have helped overcome the friction of distance and time. Without these technological advancements globalization would not be made possible or even achieved As the K-Wave shows the types of technologic advances at different stages of industrialization and there economic impact that all began in the late 18th century.