The Internet's Impact on Globalization - Term Paper.
The Role of Internet in Globalisation Essay 1139 Words 5 Pages The rapid growth in technology which ushered in the information age has become the basis for defining power in the modern societies. It is a widely accepted fact that no modern economy can thrive without an integral information technology and telecommunications infrastructure on board.Impact of the Internet on Globalization Essay.THE IMPACT OF THE INTERNET ON GLOBALIZATION Communication is the key of globalization. Businesses large and small needed a way to advertise, sell, purchase, and enhance their product worldwide. What better way to accomplish this than through the use of the Internet.Globalization, which began as trade between and across territorial borders in ancient times, has now become more prevalent due to advances in information technology. Information technology is the driver in creating worldwide integration of various global markets that make up globalization. The basis of information technology is the internet.
Globalization Essay Globalization is a process of integrating trade and commerce throughout the globe. Governments, private companies and even people merge their differences and intermingle, interact, devise new trade policies, bringing different cultures and countries closer to each other.Today, it has become a buzzword with mostly positive connotations such as the increase in the exchange of knowledge, trade, and capital around the globe that are driven by technological innovations such as shipping containers and more recently the internet. Globalization is considered to enrich the world both culturally and scientifically as well as benefit most people economically.
Telecommunication innovations and the invention of internet that have facilitated communication processes are the main causes of the dramatic rise in globalization in the world. Globalization has impact on social, Political, cultural, economical as well as technological aspects.
