Relationship between globalization and information technology

Relationship Between Globalization and information Technology - Dariela Estrella_CSISL

relationship between globalization and information technology

The influence of Globalization in Information Technology Category: Global Technology also travels through the relationships between buyers and suppliers. Information technology has become the driving force within the current economy. A symbiotic relationship has formed between the needs of developed nations. Information Technology (IT) has become ubiquitous and is changing every aspect of how people live their IT is a driving factor in the process of globalization.

But perhaps most dramatically, just fifteen years ago, only scientists were using or had even heard about the Internet, the World Wide Web was not up and running, and the browsers that help users navigate the Web had not even been invented yet. Today, of course, the Internet and the Web have transformed commerce, creating entirely new ways for retailers and their customers to make transactions, for businesses to manage the flow of production inputs and market products, and for job seekers and job recruiters to find one another.

The news industry was dramatically transformed by the emergence of numerous Internet-enabled news-gathering and dissemination outlets.

Information Technology | Globalization

Websites, blogs, instant messaging systems, e-mail, social networking sites and other Internet-based communication systems have made it much easier for people with common interests to to connect, exchange information, and collaborate with each other. Education at all levels is continually transforming thanks to innovations in communication, education, and presentation software. Websites now serve as a primary source of information and analysis for the masses.

Globalization accelerates the change of technology.

The pace of change occurs so rapidly many people are always playing catch up, trying to purchase or update their new devices. Technology is now the forefront of the modern world creating new jobs, innovations, and networking sites to allow individuals to connect globally.

relationship between globalization and information technology

The timeline below shows the rapid transformation of how technology has accelerated within the last 20 years to Internet commercialized 17 years ago: Google named the search engine of choice by PC magazine 12 years ago: Groupon introduced 2 years ago: The most effective way of transmitting technologies is by trade. By purchasing and selling products and services, individuals and corporations disseminate their technologies across the world.

relationship between globalization and information technology

Investments can be in the form of capital equipments and related services by which a foreign corporation chooses to invest in production facilities in a different country. Technology also travels through the relationships between buyers and suppliers. Often countries or corporations, who lack the latest facilities or technologies, pay close attention to those who are technologically better developed.

relationship between globalization and information technology

A careful and intricate examination of the business models, products and services of the pioneers, might help the under-developed companies to improve and update their technologies.

Such exchanges often take the form of technology licensing wherein a multinational corporation or technology vendor, lets others use its technology know-how, and processes in exchange for compensation.

Globalization & Information Technology

Technical education and training are some other ways to globalize technologies. Scientists and engineers learn about products and technologies from the innovators, and thereby can reproduce or improve on it.

relationship between globalization and information technology

This education takes place in the form of corporate training, academic education and joint research projects. Technical knowledge can also be distributed in the form of books, research papers, both in print and over the Internet. The geographical spread of the activities of transnational corporations, contribute significantly to globalization.

It also brings opportunities and challenges to the corporations, their home countries and those countries hosting some of their operations.

Transnational or multinational companies may choose to place their central, regional and local headquarters, or their production, research and development centers, in a variety of locations depending on the conditions of market, raw materials, tax incentives, labor conditions, environmental regulations and other economic incentives. Owing to the advantages arising out of investments made by transnational corporations, governments often engage in cut throat competitions to persuade foreign companies to invest in their territories.