Asked by Julie Boyer on May 26, 2024
Verified
How does technological progress contribute to globalization? Give examples.
Technological Progress
The advancement and innovation in technology that leads to new devices, methods, and capabilities, improving efficiency and quality of life.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among the world's economies, cultures, and populations.
- Explain and examine the contribution of technological innovations in promoting global integration.
Verified Answer
Additionally, technological progress has also made it easier for businesses to operate on a global scale. For example, the development of transportation technology has made it more cost-effective and efficient to move goods and people across borders. This has led to an increase in international trade and investment, further integrating economies around the world.
Furthermore, technological advancements in areas such as automation, artificial intelligence, and robotics have transformed industries and production processes, leading to the creation of global supply chains. This has allowed companies to source materials and components from different countries, leading to increased economic interdependence and globalization.
Overall, technological progress has been a driving force behind globalization, breaking down barriers and connecting people, businesses, and economies across the world.
Learning Objectives
- Explain and examine the contribution of technological innovations in promoting global integration.
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