The Impact of Technology on Globalization - Essay

Introduction

Technology has been undergoing many advancements since the very beginning.Technology has also been the driving factor of globalization since then. More than 80% of globalization was made possible by technology according an article. Technology and globalization go hand in hand and Following are the few opportunities and threats possible because of technology. This is impact of technology on globalization essay in which this topic will be considered.

Global Increase in Employment Opportunities

Increased technological advancements lead to increase in new industries which again leading to globalization. These industries run all over the globe in different countries and provide employment to vast range of people. People do not have to go to other countries for employment. In india it is the same case where people had to move to other places if they did not had companies like Microsoft and google which created opportunities for them. This example lets us understand how technology is enabling new employment opportunities.

Increase in Global Trade and Quality of Goods and Services

Innovation in technological areas has been increasing rapidly all around the world. This increase in innovation is not limiting, instead enabling technological advancements in the other parts of the world as well. This increase in innovation rate enabled to increase in the quality of goods and services. Thus individuals approach for the best of merchandise and services all through the world. This increased in a growth of global trade and thus enabling competition which intern is responsible for quality of products at good price.

Threat to Personal Freedom

With increase in technology advances there has also been a threat of cyber attacks all over the world. Data being available online and is easily prone to cyber attacks is the main element which refers to global security. There is a need for more tighter secure systems which can work along with the advancements happening. Even governments are storing personal data, numerous legislatures have effectively actualized colossal databases to store individual information. Struggle could emerge when individuals can't help contradicting government utilization of such information bases. Society should look for another parity in the tradeoffs between the advantages of globe-spreading over data systems and the potential loss of individual protection.

Reduced Employment Growth Rate

Employment has increased in some parts of the world and some areas of business but not in the low skilled areas of work. Here all the labor has been replaced by the robots or because of automation processes. This is a very known problem to everyone which mainly pertains in india and china who has more labor force which is automobile.

In these situations we need to think in a different way of creating more jobs to the people who are prone to unemployment because of technology and globalization. For example, allowing easy to use programs in the robots and automation systems and implementing employment opportunities which require human touch or the empathy. Thus increasing the business as well as increasing the employment opportunities.

Conclusion

In conclusion to technology and globalization essay, think it has both advantages and disadvantages, the best way to deal with it is in a humanitarian way looking ahead. Definetely technology made a great impact on globalization.

References

• Port O. A new breed of thinking computer? Scientists race to combine living neurons and silicon. Business Week 1999; Jun 21:86–7.
• The human face of the Internet. Asian Business, Jun 2000:36.
• Larnder J. World-class workaholics: are crazy hours and takeout dinners the elixir of America’s success? US News and World Report 1999;127(24):42–53.