Globalization

Globalization Author’s Name Institution Course Name Instructor’s Name Due Date Globalization Globalization, which refers to integrating national economies and markets, has mainly been propelled by technology. Many experts speak about the central role of technological factors in this process, using market extension and globalization of production as examples. This essay analyzes different aspects of technology related to globalization and the ability to achieve globalization without such developments. Technology and the Globalization of Markets The globalization of markets can be attributed mainly to the need for more logical advances, especially in communication and transportation systems. Ease access to information through mobile phones, the Internet, and other social media platforms has enabled organizations to access consumers worldwide. The improved internet connectivity has led companies to use e-commerce platforms such as Amazon and Alibaba. Different consumers can now purchase commodities from any part of the world through a computer and buttons to press to ease the globalization of commerce (Skare & Soriano, 2021). Technology in the transportation sector has also played a critical role in the advancement of market globalization. Advanced technology in transport, such as efficient flying, improved shipping, and containers, have enabled companies to transact across borders faster and cheaper. These innovations in transportation have created some business opportunities, as it is now possible to supply a company’s products to regions further away, thus aiding in the growth of companies on an international level. Technology and the Globalization of Production Technological advancements have not only changed how businesses access global markets but have also transforme...