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Globalization and Technology - Essay Example

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During the 20th century countries around the world began to perform more business with each other which led to the rise of the globalization movement. The globalization movement has helped reduced poverty around the world due to the fact that it has created millions of new jobs worldwide…
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Globalization and Technology
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Globalization and Technology

Download file to see previous pages... Information technologies such as the internet are a factor that positively influenced globalization around the world. The internet has influenced globalization in several ways. People can use the internet to communicate across the world with other people. Cultural barriers were broken due to the internet because people can use the internet to learn about other cultures. A database that can be access with the facility of the internet that is very useful to learn about cultural matters is the CultureGrams database. An example of a website that has used the internet to reach the global population is Facebook. The internet led to the development of virtual companies. One of the most successful virtual companies with global sales of $8.7 billion in 2009 is the online auction site EBay (Ebay, 2011). EBay is one of many companies that is benefiting from e-commerce transactions. In 2010 the size of the US e-commerce marketplace was $153 billion (Plunkett Research, 2011). The corporate world can utilize the internet for many purposes. One of the primary benefits of having a corporate website is that it can help a company generate additional revenues. The revenues that a company can generate using e-commerce are not limited to their domestic region. The internet allows companies to reach global customers. Normal physical stores do not have that capability. ...Download file to see next pagesRead More
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