Changes in technology Essay Example for Free

Changes in technology EssayTechnology enhances globalization. In past both decades, technology burst break through like an explosion, definitely, the improvements of technology make our lives much more convenience. And, the advanced technology in microprocessors, earnings, and transportation en fitted the spreading out of globalization. Hill, C., (2001) stated Globalization has two main components the globalization of markets and the globalization of product. In other(a) 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. Updated data can be collected, and monitoring overseas markets trend would become easier. Moreover, pop ulation of using Internet grows continuously since 1995 (Hill, C., 2001). This helps to create a global audience advertisings are non restricted by geographic region anymore. Products can sold at overseas, much(prenominal) as Hill, C. (2001) pointed out customer can buy Levis jeans in Paris McDonalds restaurant located in Tokyo. And, the cost of transportation plummeted, due to the revolutionized in transportation business, also helpful for expansion of business. Manufacturers can transport products at a lower cost and in a shorter time.As the trendy of globalization of production, fatty activities spread out over the world, invention and widely use of microprocessors and Internet help supervisor to control the productive activities, and easier to communication to other in the process. The dispersion of production, for instance Hewlett-Packard separated its operations activities to different places, but reducing cost at the same time (Hill, C. 2001). As the decreasing cost in tr ansportation, umpteen businesses move their manufacturing plants to nations that provide cheaper raw materials and nature resources, in order to diminishing their production cost.Summering the above points, the three main changes in technology (microprocessors, Internet, and transportation) have a great supportive tothe 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 assign with others and business would not be willing to put money to widen their markets. If the world without Internet and the World Wide Web, people might not able to get the most updated information, the production skills cannot be improved and productive activities cannot be shared.Without the convenience transportation system, customer and provider would not connect each other products cannot transfer to overseas market. Therefore, people would lose the opportunities to enjoy different products from all around th e world. Finally, markets from different countries should not be merged together, and the production process should not spread out. Thats why the technology essential and enhance globalization.The above assignment is coming from the resources of Hill, C., Globalization, International Business, 2001, 3rd ed, McGraw-Hill Higher Education, New York.