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Distributional Effects Of Globalization In Developing Countries – Technological globalization is one of the 8 types of globalization that help us describe what globalization looks and feels like in the information societies of the 21st century.
Century and the increasing ease and speed with which we can transfer technologies throughout the world economy, technological globalization is happening at a faster pace than ever before.
Distributional Effects Of Globalization In Developing Countries
While technological globalization has been good for many in developing economies, there are also concerns that the digital divide between rich and poor could make economic mobility (people getting richer within a generation) more difficult. .
What Is A First World (aka Developed Or Industrialized) Country?
Technological globalization can be defined as the increasing pace of technological diffusion throughout the world economy. It refers to the diffusion of technologies throughout the world, and especially from developed to developing countries.
The global flow of technologies has been extensively researched by Arjun Appadurai who considered technological globalization as one of the ‘Five Realms of Globalization’. He labeled technological globalization the ‘technosphere’ and explained that it is both an effect and a cause of globalization.
As an effect of globalization, we can see that technologies spread more easily thanks to political globalization (increasing interconnectedness of nations) and economic globalization (the rise of the world economy with the help of trade liberalization). For example, free trade agreements can facilitate the transfer of technological innovations across borders. And manufacturing in the developing world can make these technologies cheaper to develop.
But it is also a cause of globalization as new technologies such as the Internet and cell phones facilitate cross-border trade and interactions. Similarly, technologies that have made air travel more efficient have helped increase the flow of people around the world.
The Competitive Advantage Of Nations
1. Growth of Multinational Technology Corporations The liberalization of trade and economic globalization has facilitated the growth of multinational corporations such as Microsoft, Apple and Sony. When traveling around the world, chances are that televisions in all airports are from one of the four or five major television brands. Anywhere in the world, chances are the phones will be made by Samsung, Apple, or one of the other big multinational mobile phone corporations.
2. Mobile Banking Mobile banking has allowed people to access money at home and around the world faster than ever before. In particular, smartphone stock trading apps allow the ownership of capital to change around the world faster than ever before, reducing initial capital costs to accelerate globalization and facilitate the development of new businesses. It helps to reduce
3. Mechanization of Manufacturing Although not the first thing we think of when considering examples of technological globalization, it is a factor that has a huge impact on our lives. The use of machines for manufacturing reduces labor costs, which has two competing effects: downward pressure on labor costs (which makes goods cheaper) and the loss of traditional manufacturing jobs.
4. Media Globalization One effect of the spread of technologies and technological knowledge (mainly from the developed to the developing world) has also been the globalization of media that is presented on technologies such as computers and cell phones. The United States has become a major exporter of media culture (eg through Hollywood films). Some worry that it may undermine local cultures and promote a global culture (known as cultural homogenization).
World Systems Theory
1. Easier International Trade With Digital Technology We can speed up customs at nation-state borders, move money more efficiently and move goods faster with improvements in air flight innovation. A clear example is the rise of international currency exchange apps like TransferWise.
2. A global economic technology that automates trade can help create a more integrated global economy. This will accelerate the development of market efficiencies and economies of scale (as discussed in my article on economic globalization). An example of this is that if a nation has a competitive advantage in the production of a particular good, it can mass produce it and make it available to the whole world cheaply.
Found that technological globalization “has contributed significantly to increasing domestic productivity levels in advanced and emerging economies.” Technologies can help us produce goods more efficiently and with less manpower, which in turn makes goods cheaper and allows businesses to scale faster.
It was also found that technological globalization has overall reduced poverty rates across the world. He says: “Rapid technological progress in developing countries has been central to poverty reduction in recent decades”. Despite this wonderful outcome, there are also clear losers from globalization, which are discussed below.
The Advantages And Disadvantages Of Globalization For The Workplace
5. Faster Technological Innovation The global spread of technology has also enabled scientists and engineers around the world to compete in global competition. Each nation observes and builds upon the innovations of other nations, allowing technology to be developed faster and faster.
6. The rise of online communities People with access to the Internet are able to connect with others who share their hobbies and interests around the world. It has allowed people to ‘find their tribe’ and helped people develop their identities in unique new ways rather than forming traditional nationalistic or regional identities.
1. The digital divide is not closed The digital divide is a phenomenon that occurs when rich people have better access to technology than poor people. Inequality in the distribution of technology gives rich developed countries a comparative advantage. Although technological globalization has allowed technologies to spread rapidly around the world, digital divides still exist between and within nations around the world.
2. Replacement of labor by machines New technologies have been implemented in factories to replace labor in menial tasks. While this has been good for making cheap goods, many fear that it will destroy entire industries and leave people unemployed and desperate. For example, Andrew Yang warned of the impact of automated driverless trucks on the trucking industry:
How To Avoid A Fatal Backlash Against Globalisation
3. Cultural convergence As people around the world gain access to global media technologies, the dominant media producers (ie, the United States and especially Hollywood) spread their cultures around the world. This has led to people blaming globalization for “cultural decay” as local and indigenous cultures weaken and people increasingly develop international identities.
4. The Rise of Fake News As Internet technologies have enabled anyone to create their own podcast, YouTube channel or blog, controls over the spread of information have weakened. There are concerns that new technologies have allowed conspiracy theorists and extremist organizations to spread their nefarious messages online.
Of the eight types of globalization, technological globalization is the one that touches all the others. Technology helps accelerate economic and cultural globalization, for example. In this sense, ‘types’ of globalization are not self-contained concepts, but rather each influences the other.
Technological globalization has had far-reaching implications for our world. The jury is still out on whether the worldwide spread of technology (what we often call ‘technological diffusion’) has had positive or negative effects. And the truth is that it has good effects in some senses and negative in others.
Doomed To Repeat It
Dr. Chris Drew is the founder of Assistant Professor. He holds a PhD in Education and has published more than 20 articles in academic journals. He is a former editor of the Journal of Learning Development in Higher Education. [Image credit: Photo by Chris] Open Access Policy Institutional Open Access Program Special Issues Guidelines Editorial Process Research and Publication Ethics Article Processing Charges Awards Acknowledgments
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Received: 10 June 2019 / Revised: 1 August 2019 / Accepted: 16 August 2019 / Published: 21 August 2019
Despite significant progress in the fight against poverty over the past few decades, the proportion of poor people living in developing countries is still high. Many countries
