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Words: 1,895 | Submitted: Thu Mar 06 2008
... and Boli). The term globalization has come into common usage since the 1980s, reflecting technological ?advances that have made it easier and quicker to complete international transactions both trade ?and financial flows. The main drivers of globalization can be listed as both the decline of trade and investments, and the role technology plays in change. The decline of trade and investments can include international trade, foreign direct investments (FDI), and the restrictions being removed from FDI by many countries. Technology plays a significant role in driving globalization, examples of this include the Internet and World Wide Web, transportation, and communication (Hill, 2002). ? Globalization effects just about everything and everyone, in general globalization has impacted on technology and helped our communities become more up-to-date with Internet usage and communications. An increase in foreign residents has become the norm in our local area. Local businesses have begun to outsource jobs to ...
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