The technology globalization

Advances in technology are one of the main reasons that globalisation has escalated in the past
decade. In information and communication technology, innovations have become smaller in size,
more efficient and often more affordable. In transport technology, vehicles have tended to
become larger and faster, as well as becoming more environmentally friendly and cheaper to run.
Whether for personal use or for business, technology has made the world seem a smaller place
and assisted in the rise of globalisation. Globalization is a term that is used to describe the
increasing trend towards internationally integrated markets and global interconnectedness.
Globalization is the process by which states become interdependent on each other on
allspheres of life. It is a process where countries go global by adapting universal characteristics
involving human race. It is therefore the process of uniting people of the world into one unit with
universal characteristics. This characteristics include; systems of education, politics,
democracy,economy among many others.

In this benefit of globalization, its now be

experienced for new free market policies and a free exchange of goods/products and capital
wherein lot of producers or different companies encouraged to import and export their products
to the entire world at lower prices for easy consumption and circulation which improves
the business or enterprise/entrepreneurship which benefited more the consumers at the same time
it improves income and it creates new jobs so it equalizes income distributions.
Through globalization economies, civilizations and societies become integrated into a
globalized arrangement of political ideas. In a global world there is free flow or movement of
improved technology. Technologie scan be new discoveries, inventions and innovations.
Technology built or discovered in one continent is shared for use or exploitation in other

countries. Therefore with the advancement oftechnology developing countries have developed
technological know-how and this has lead toimprovements in the industries.
With the aid of internet connection we now easily get information needed to thedifferent
disciplines or subjects we have. With the different sophisticated gadgets thatwe have now like the
computers, iphone, iPod, tablets, smartphones or any gadgetsthat would access the internet is of
great help for free, easy and fastest way ofexchange ideas and information.
Another

benefit

of

globalization

is

improved

standard

of

living,

wherein

medical products, apparatus, gadgets and services are being developed and improved. As itmanif
ested that having of this kind of apparatuses and gadgets will promote for theconservation and
preservation of life. It helps for health care and longevity so ther ewill be advancement which
provides for the opportunities to improve life.
Most industries in the developing countries are now able to workeffectively, improving
efficacy and makes works easier. This saves a lot of time wasted by ineffective machines leading
to increased profits and earnings.This multinationals also are responsible for employing a large
number of individualsfrom the investor states therefore reducing high levels of unemployment in
this developingcountries.Globalization leads to high investment levels and therefore increased
wealth. Wealth is generated through economic gains of globalization.