Impact of Globalization on a Country

Introduction

Globalization is a term that has, in many instances, come to replace the older and no less complex notion of “development.” In fact, globalization, has replaced the term development as the new action word of contemporary international governance discourse. Not simply a term that describes an inevitable process that is shaping the modern world, globalization, when conflated with development, is a meta-policy guiding the way to social and economic well-being in the global community.

Discussion and Analysis

Globalization is an inconsistent concept, and definitions of it abound. However, most anthropologists agree that, experientially, globalization refers to a reorganization of time and space in which many movements of peoples, things, and ideas throughout much of the world have become increasingly faster and effortless. Spatially and temporally, cities and towns, individuals and groups, institutions and governments have become linked in ways that are fundamentally new in many regards, especially in terms of the potential speed of interactions among them. Examples of these interactions are myriad: The click of a mouse button on a Wall Street computer can have immediate financial effects thousands of miles away on another continent, and events like the fall of the Berlin Wall in 1989 or footage of the 2005 tsunami in southern Asia can be televised internationally, whereby millions of viewers interpret the same images concurrently (Andreas, 2011).

Impact of Globalization

Technology

Globalization has an impact on almost every area including technology, transportation, off-shoring, migration, and others. The impact of globalization on technology cannot be ignored. Globalization has allowed the international diffusion of the state-of-the-art technology. As a result of globalization, the technical expertise of people is increasing.

Globalization has a great impact on the global technology. The evolution of globalization has a great impact on technology. As a result of globalization, the advanced technology has become cost-effective. One of the examples of the impact of globalization on technology is the penetration of cell phones into the lives of individuals. The cell phone has now become a commodity. People living in different parts of the world rely on cell phones for personal and business communication. The rapid surge of globalization also has an influence on the penetration of the Internet.

The development of technology as a result of globalization has a tremendous impact on industry structure. In the current environment, technology is advancing very rapidly. The changes in the advanced technology also have a great impact on the business world. The industry has responded towards these changes by forming joint ventures, alliances, and developing Research and Development (R&D) organizations and departments. The global technological development has also resulted in the enhancement of communication methods in different countries.

The impact of globalization on the communication technology cannot be ignored. The surge of globalization in different countries has resulted in the development of different advanced communication methods including fiber optics, electronic mails, and satellite communication. Globalization has resulted in the advancement of communication technology in many parts of the world including developing ...