Titled

In: Business and Management

Submitted By johnny101
Words 288
Pages 2
Changes in technology have contributed towards globalization. The improvements of technology make our lives much more convenience. And, the advanced technology in microprocessors, Internet, and transportation enable the spreading out of globalization. Without telephones you couldn't call a company mile away and about ordering their products. People advertise on the internet, Telemarketers, Even transportation. Machines also can speed up manufacturing products so that more of them can be made faster and distribute. Telecommunication is creating a global audience. Transportation is creating a global village. In other words, the changing in technology would lead to an influence on globalization of markets and globalization of production. The widely use in microprocessors and telecommunications increasing the amount of information being transferred, but lower its cost. This is very helpful in merging markets. The opportunities for companies to expend businesses are raised, due to plummeting in global communication cost. the decreasing cost in transportation, many businesses move their manufacturing plants to nations that provide cheaper raw materials and nature resources, in order to diminishing their production cost. The three main changes in technology (microprocessors, Internet, and transportation) have a great supportive to the globalization of markets and production. If the lower cost of communication does not exist, people around the world would not have so many chances to connect with others and business would not be willing to put money to widen their markets....as a result of the technological innovations, the real costs of information processing and communication have fallen dramatically in the past two decades. These developments make it possible for a firm to create and then manage a globally dispersed production system, so without these technologies it's not…...

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