Friday, October 12, 2012

Modern technology and globalization


Globalization is now largely based on a strong technological foundation. ( a short story ) The transfer of information via the internet has now created an instantaneous and interconnected world of information resulting in a 24- hour trading network. This technology has largely changed by banking and financial activities. Worldwide money transfer and transaction of business have now become a matter of clicking the mouse of a computer. Five out of every six dollars that move in the world economy today travel through the electronic medium.( a short story )  Some products like software and TV programmers are also amenable to digital or electronic transmission. We can now buy and sell goods through the electronic screen. Computers have thus brought about a revolutionary change in today’s world. Globalization is now only what technology makes possible.( a short story )

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