With the globalization of information technology and worldwide access to the internet
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The world has been radically revolutionized by “Web and Globalization.” The term “globalization” is commonly used mainstream and by writers, strategists, politicians, and academics. It is referred to as breaking down of cultural and societal barriers and bringing the world together. Financial observers see the Internet as a catalyst for globalization due to the way it has united the world. Web technology is changing the way we work, expanding our global knowledge base and bringing people and society closer together. Data can be exchanged and communicated between companies around the globe. We can disseminate ideas and information to people on the other side of the world and access the same resources, thanks to the internet, which allows us to readily embrace diverse communities and cultures. A variety of interpersonal communication platforms can be used by individuals to find peers all around the world as well. Show
Globalization has broadened the scope of society by creating an impact on social, political, and economical activities in a variety of settings, whether governed or rural. In a decade, the number of internet users worldwide has increased dramatically (Figure 1), accelerating the spread of ideas and information. At the same time, such extensive contact can lead to blurred distinctions between home and global issues.  We must watch and see if globalization or the web adequately captures the essence of these changes, although global e-commerce is expanding and the demographics of the global economy are changing. There are both positive and negative effects of the Internet and globalization, which we will explore in the following sections. The Positive Impact:Business Prospects: Organizations have been able to leverage the Internet to gain a strategic advantage and improve efficiency. Access to information and electronic exchange has been greatly improved. Companies at one edge of the world can outsource the tasks and get the tasks done by professionals at lower costs. Ideas are transferred faster, facilitating innovation. Businesses benefit from more mobile labor and lower production costs. The result is cheaper products and services for consumers. Mass Media Revolution: Two decades ago, only a few companies like CNN engaged in mass media. Due to the Internet, there has been a revolutionary change in the field of media and communication. In fractions of seconds, we are able to follow the latest news from anywhere in the world. Convenience: Communication has improved immensely and accessible because to Internet and cell phones. You may transmit recordings, texts, and voice messages rapidly. The amount of material available on the web is changing as customers produce and catch up with professionally supplied information that coexists. E-mail is instantaneous, however sending letters takes several days. Internet games are popular, and online streaming material is extremely configurable. Instead of traditional print media, eBooks take up less space and are easier to access. Interpersonal interaction: Inclination to different social networking sites is changing with generations. Sites such as Facebook, Twitter & My Space permit individuals to carry on friendships over long distances. Worldwide Culture: Online trends don’t stay localized and limited. Such speedy dissemination of content helps local artists, musicians and writers to share their work globally. At the same time, the content needs to be evaluated, rated and bought or sold. The Negative Impact:Inconsistent Global Access: Developing nations can’t exploit the Internet as evolved countries can. In certain locations, political control implies the public authority controls the Internet and boycotts admittance to specific sites. This disparity of web access is likewise alluded to as Digital Divide by some socio financial specialists. Security Issues: In the Internet age, all information communicated electronically should go through a progression of stages at which it might be caught by an outsider. Safety is a big concern when we are carrying on with work on the web – in the structure on internet banking, stock exchanging and shopping. We can conclude that, internet and globalization act as a double-edged sword. It can help in improving the job scenario, trade, cultural diversity but at the same time it can lead to trade imbalances, brain drain, loosing cultural values. References:1. https://financesonline.com/number-of-internet-users/?msclkid=79676cffd03e11ec9d65b6248ce62e5c 2. https://www.techwalla.com/articles/the-effect-of-electronic-communication 3. https://www.oberlo.com/statistics 4. https://sites.google.com/site/darielaestrellacsis103l1201/cons-of-globalization-and-information-technology What is the effect of globalization in information technology?Globalization brings a key benefit—it stimulates the spread of knowledge and technology, helping spread growth potential across countries.
How have the Internet and other technology contributed to globalization?Technology innovation has contributed to the faster globalization of markets by making transportation faster and information sharing easier. The production process of large firms is being outsourced to different countries. This has been possible because of the increased connectivity made easier by technology.
What is globalization information technology?The expansion of Information Technology has led to the successful process of globalization. Through this anyone around the world can access, gather, and share information related to anything in the world. Information technology has contributed significantly to dispersing its production across various countries.
How does the Internet affect the international business activity and the globalization of the world economy?Internet improves connectivity. This is the main reason why the internet improves international business activity. Because of the internet consumers from around the world can purchase goods from any country. This increases globalization.
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