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Technology is one of the biggest factors when it comes to globalization. The benefits of this technology-driven globalization are enormous and will continue to grow
Technology is one of the biggest factors when it comes to globalization. The benefits of this technology-driven globalization are enormous and will continue to grow (General Atlantic, 2006). In this day and age, you see more and more people become more technologically advanced than they were about twenty years ago. Computers, cell phones, sending text messages, and emails are all advanced now then what they were and people are becoming more and more tech-savvy as the years continue. When it comes to technology, companies productions can be more efficient, along with the costs being a lot less. Market expansion is another impact on globalization when it comes to businesses. On the upside, expanded markets create enormous opportunity for expanding one's business, but on the other hand, the expansion also means increased competition from all across the globe (Sarokin, 2020). Technology is so advanced now, that companies have robots who do all the work for the companies just like the people use to do. By having robots it can save costs and even some time because they are faster than humans are. Along with having robots to help improve businesses, productivity has also have a big impact on helping businesses improve
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