The Impact Of Information Technology And Globalization

Economics is often thought of as the single largest driving force propelling globalisation 's reach and development forward. However, some have argued that technology and its advances are in fact the main driving force behind globalisation 's expansion. Technology 's impact can be felt throughout all aspects of globalisation 's growth. For example, the development of robotics has created a cheaper and more efficient workforce than a human workforce could provide and thus have transformed industries such as mining and car manufacturing. Improvements in transportation have created quicker and less expensive ways to ship goods around the globe. The use of Information Technology (IT) has also lead to the creation of crytpocurrencies like Bitcoin …show more content…
Everyone on the planet has the same ability to connect to the global community via the internet. The latest statistics show that the majority of the world’s population has either limited or no access to the internet ("Technology and Globalization", 2016). Many citizens in the developing world are either too poor or too remote to be able to afford access and are therefore effectively shut off from enjoying the benefits the internet. In other cases, governments such as China, North Korea, Saudi Arabia and Iran restrict or limit internet access. Heavy penalties are often imposed on citizens that breach the government’s strict controls regarding the internet. For example, a Mauritanian blogger faces the death penalty accused of apostasy for a blog post deemed blasphemous towards the Prophet Muhammad ("Mauritanian blogger 's death sentence upheld", 2016). The global nature of the internet has also left individuals, businesses and governments a like increasingly vulnerable to cyber crime. By 2019 the costs of cyber crime world wide is expected to reach $2 Trillion, the figure is expected to grow further as attacks increase ("Cyber Crime Costs Projected ",