Globalization – Journey Towards End
Wednesday, March 10th, 2010Globalization is a complex phenomenon but undying reality. It neither need any introduction nor pertain a universal definition. But the fact of matter is it really exists and it has brought us in the historic age of transformation. Nations and world has been transformed to a wired planet through which you can enjoy the power of information.
Information Technology (IT) is a driving factor in the process of globalization. Improvements in the early 1990s in computer hardware, software, and telecommunications have caused widespread improvements in access to information and economic potential. These advances have facilitated efficiency gains in all sectors of the economy. IT provides the communication network that facilitates the expansion of products, ideas, and resources among nations and among people regardless of geographic location. Creating efficient and effective channels to exchange information, IT has been the catalyst for global integration.
In Globalization process, Information and communication technologies (ICTs) have been implicated in the structuring and restructuring of human social relations. The power to communicate has been one of the greatest achievements by human beings. Since, the development of the electrical telegraph and the telephone in the late 1800s marked a qualitative shift in the scope and power of ICTs, however. The new electrical communication systems brought disparate regions and peoples into an unprecedented, increasingly synchronous global network of information, trade, finance, and culture. In the 20th century, (more…)
