9. Globalization is driven by technology.

Globalization, fist began in 18^th century and it continues through to the 21^st century (UKEssays, 2018). During this period of time, the first, second and the third industrial revolution took place. The first industrial revolution occurred in 18^th century in manufacturing sector. The second industrial revolution occurred in service sector industries. At this point of time, all of us are in the 21^st century, going through the 3^rd industrial revolution, known as the information age (Malhotra, 2009).

(Anon., n.d.)

The technological changes during the industrial revolution is shown in the above diagram. These technological advancements are related to production, distribution and communication sectors, which makes interaction between nations which were not even imaginable before (UKEssays, 2018). As Thomas Friedman’s said “Globalization is not a choice. Basically, 80% of it is driven by technology” (Friedman, 2000).

            Products based on or improved by information technology are used in almost every aspect of life in today's industrial society. The spread of IT and its applications is extremely fast (Anon., 2019). Transportation costs are rapidly decreasing due to the improvements in physical communication with the help of improved telecommunication, computers, fiber optics and satellites.  Due to this, transportation of goods and information, flows through nations more quickly and efficiently (Anon., 2019).

            The concept of e-commerce is also immerged due to the advancement of information technology, with makes possible to conduct business through means of electronic communication (Malhotra, 2009). The internet has transformed the way that the small business operates and given them the opportunity to enter into the global market (UKEssays, 2018).

            Cultural globalization has also influenced by technology with the introduction of telephones and television. Due to the technological breakthrough in communication, making a call to friend in another country or explore the vast variety of TV channels is just one touch of a button away (UKEssays, 2018). So, with all these evidence and facts, its very clear that the technology agitate the globalization.

References

Anon., 2019. Technology and Globalization. [Online]
Available at: https://www.globalization101.org/
[Accessed 06 06 2019].

Anon., n.d. IEEE is Fueling the Fourth Industrial Revolution. [Online]
Available at: https://innovate.ieee.org/innovation-spotlight-ieee-fueling-fourth-industrial-revolution/
[Accessed 06 06 2019].

Friedman, T. L., 2000. The Lexus and the Olive Tree: Understanding Globalization. New York: Farrar, Straus and Giroux.

Malhotra, H., 2009. Role of Technology in Globalization with reference to Business Continuity. Global Journal of Enterprise Information System, 1(2), pp. 70-77.

UKEssays, 2018. The Effect of Technology on Globalization.. [Online]
Available at: https://www.ukessays.com/essays/media/how-technology-has-help-shaped-globalization-media-essay.php?vref=1
[Accessed 06 06 2019].