Question

There is a obvious relationship between the digital age and globalization. Please answer two questions regarding international business that supports your case.

1. How exactly has technology supported globalization and how does networking play into the mix?

2. Knowing what you know now, what drives international trade the most, competition or technology?

Answer 1

Technology meaning = internet or computers are some examples of technology.

Globalization meaning = Globalization is the process in which people , goods and services and companies belong to different country meets or interact with each other for making international trade easier.

Networking meaning = connecting or linking of computers which allow them to work collectively .

answer no 1 ..Technology plays an important role in the Globalization , technology helps to boost the capacity of innovation and also helps to work mutually over the networks with different companies all over the world, now a days in the time of modern era every single work is done through networking with the help of technologies for example delay in information exchange is now completely curbed by networking and technology which makes the globalization much easier and better.

International Trade meaning = when there is exchange of goods and services and also capital between two or more then two countries is known as international trade .

Answer no 2 .. In international trade , there is a great competition in the market and in the competitive prices of goods and services which brings the most cheaper good or product into the home of consumers and all of this process is done through technology only in global level , technology helps to bring the product at home faster of consumer which increase the competition in the market. Therefore technology and competition both drives the international trade equally .