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Globalization & Communication Technology

Globalization has been around for hundreds of years as nations sought to trade with other nations located great distances away. It was slow and took months for the simplest transaction, but it existed. Now, due to the Internet and other communication technology, we have entered a new era of globalization in which interactivity, communication, collaboration and the transfer of products and services take place instantly. This 21st century version of globalization will transform the economic, cultural and political climate of all participating nations for years to come.

Globalization * Globalization is the process of integrating people from varies countries, nations, cultures and governments into one global melting pot. The process is driven by the economics of free market capitalism, international trade and investment. It represents a merger of the developed world with the developing world, thus creating new and dynamic mutually beneficial business models and cultural exchanges, experiences and considerations.
Communications Technology * With the Internet, telecommunications, broadband, cell phone technology, handheld wireless mobile devices and other communication technology, geographically dispersed workers can now interact and collaborate as though they all were located together in a downtown high-rise. In fact, communication technology has advanced to the point where instant communications across the globe can be so ubiquitous that no one really thinks about it anymore.

The Interrelationship * In recent years, due to communication technology, the speed and the scope of globalization has increased exponentially. Since globalization represents a merger of the developed world with the developing world, the introduction of communication technology will significantly speed up this merger and have a

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