Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Technology & Globalization
The positive impacts of technology on the global economy are tremendous as explained by Muroyama and Stever (1988). Technology has made companies and nations organize production, trade goods, invest capital, and develop new products and processes more efficiently. Information technologies permit instantaneous communication among global companies and their consumers. New materials are revolutionizing sectors as diverse as construction and communications and advanced manufacturing technologies have transformed outdated patterns of productivity and employment. Improved transportation has accelerated the worldwide flow of people and goods.
Still, technology in the global economy has its downside. According to Drago (2001), technology is detrimental when it is implemented in a way that fails to consider community action and local necessities, particularly in developing countries. As an example, Drago discusses the "technological aggravation" that can occur where the implementation of technology requires limited labor power and fuels the migration of rural populations to big cities, resulting in negative social externalities. Furthermore, Drago argues there are substantial developmental costs when technology is concentrated in the hands of a few, most notably more advanced countries, creating a so called "digital divide" between rich and poor countries. Even in developed countries, increased productivity is eliminating many jobs in manufacturing, transportation and other high-paying industries (Innovations in technology and globalization: Introduction to the information era) and outsourcing is moving these jobs to countries with less expensive labor. This problem continues to gain considerable public attention in light of the severe economic downturn where unemployment is escalating.
Bibliography
Drago, T. (2001, May 25). Adapting technology to the needs of each society. http://www.igc.org/globalpolicy/globaliz/special/2001/052tech.htm .
Innovations in technology and globalization: Introduction to the information era. http://workinfonet.bc.ca/lmisi/Making/chapter2/TANDG1.htm
Muroyama, J.H., and Stever H.G. (1988). Globalization of technology: International perspectives. National Academy Press: Washington, D.C. http://www.nap.edu/openbook.php?isbn=0309038421
Advanced Biomedical Devices: International ExpansionCountries selected for exportingExporting is faced with many restrictions from the countries and the regional trade bodies that regulate the export of goods and services. Many countries have adopted export restrictions, with the United States, China, and the European Union still implementing the export restrictions. Australia, Canada, Western Europe, and Japan will be the nation�s chosen for export. They have such a sizable number of affluent
Branding in Service Markets Amp Aim And Objectives Themes for AMP Characteristics Composing Branding Concept Branding Evolution S-D Logic and Service Markets Branding Challenges in Service Markets Considerations for Effective Service Branding Categories and Themes Branding Theory Evolution S-D Logic and Service Markets Branding Challenges in Service Markets Considerations for Effective Service Branding Branding Concept Characteristics Characteristics Composing Branding Concept Sampling of Studies Reviewed Evolution of Branding Theory Evolution of Marketing Service-Brand-Relationship-Value Triangle Brand Identity, Position & Image Just as marketing increasingly influences most aspects of the consumer's lives, brands
Companies such as XYZ Widget Corporation are well situated to take advantage of burgeoning markets in developing nations, particularly in Asia and Africa. 2. XYZ can grow its business by expanding its operations to certain developing nations in ways that profit the company as well as the impoverished regions that are involved, particularly when marketing efforts are coordinated with nongovernmental organizations operating in the region. 3. Several constraints and challenges must
cheap genomic sequencing has widespread and unforeseen cultural, political, and societal implications that have only just begun to reverberate through the human population at large. Genomic sequencing not only reveals some of the causes and connections behind certain diseases or disorders, but also puts the lie to certain forms of bigotry which assumed that dramatic phenotypic differences represented a similarly dramatic genetic or biological difference (put another way, genome