Question

Respond to the following in a minimum of 175 words:

Global information technologies have evolved over time. What are some ways these technologies have changed? How can being aware of these changes help you in global business?

Answer 1

Advancements in technology have significantly encouraged globalization. Truth be told technological advancement has been one of the primary powers driving globalization. Technological achievements propel business endeavors to become worldwide by expanding the economies of scale and the market size expected to make back the initial investment.

Technological advancements diminish expenses of transportation and correspondence crosswise over countries and in this manner encourage worldwide sourcing of crude materials and different inputs. Protected technology supports globalization as the firm owning the patent can abuse outside business sectors absent a lot of rivalries.

Information technology has prompted the development of a worldwide town. For instance, the internet has diminished the obstructions of time and spot in professional interactions. Purchasers and venders would now be able to make exchanges whenever and any piece of the globe. Technological change likewise influences speculations.

Prior, high technology creation was restricted to rich nations with high compensation. Presently technology is effectively transferable to creating nations where cutting edge generation can be joined with low wages. Countless firms in cutting edge nations are currently redistributing work concentrated administrations from creating nations like India.