The British classical economist David Ricardo described the theory of comparative advantage in But as I point out in my book, The Great Convergence, something changed.
Information Technology IT has become ubiquitous and is changing every aspect of how people live their lives. Information Technology IT is a driving factor in the process of globalization.
While advancements in Internet-based tools over the past five to ten years, such as social networking websites, twitter, and other Web2. These developments have facilitated efficiency gains in all sectors of the economy.
IT drives the innovative use of resources to promote new products and ideas across nations and cultures, regardless of geographic location. Creating efficient and effective channels to exchange information, IT has been the catalyst for global integration.
Products based upon, or enhanced by, information technology are used in nearly every aspect of life in contemporary industrial societies.
The spread of IT and its applications has been extraordinarily rapid. Just 30 years ago, for example, the use of desktop personal computers was still limited to a fairly small number of technologically advanced people.
The overwhelming majority of people still produced documents with typewriters, which permitted no manipulation of text and offered no storage. Twenty years ago, large and bulky mobile telephones were carried only by a small number of users in just a few U.
In some developing countries, mobile phones are used by more people than the fixed line telephone network. But perhaps most dramatically, just fifteen years ago, only scientists were using or had even heard about the Internet, the World Wide Web was not up and running, and the browsers that help users navigate the Web had not even been invented yet.
Today, of course, the Internet and the Web have transformed commerce, creating entirely new ways for retailers and their customers to make transactions, for businesses to manage the flow of production inputs and market products, and for job seekers and job recruiters to find one another.
The news industry was dramatically transformed by the emergence of numerous Internet-enabled news-gathering and dissemination outlets. Websites, blogs, instant messaging systems, e-mail, social networking sites and other Internet-based communication systems have made it much easier for people with common interests to to connect, exchange information, and collaborate with each other.
Education at all levels is continually transforming thanks to innovations in communication, education, and presentation software. Websites now serve as a primary source of information and analysis for the masses.
Globalization accelerates the change of technology. The pace of change occurs so rapidly many people are always playing catch up, trying to purchase or update their new devices. Technology is now the forefront of the modern world creating new jobs, innovations, and networking sites to allow individuals to connect globally.
The timeline below shows the rapid transformation of how technology has accelerated within the last 20 years to Internet commercialized 17 years ago: Google named the search engine of choice by PC magazine 12 years ago: Groupon introduced 2 years ago: Google Glass announced Every 60 seconds so it seems:This unit standard is intended for people who need a working understanding of the trends in Information and Communication Technologies (ICT) either as a user of computers or as basic knowledge for a career needing this competency, like the ICT industry.
Globalization is a broad and complex concept. It is a widely defined word with several connotations to many different people. There has been a hot debate about globalization.
Some people believe globalization is a dangerous phenomenon which has changed the world in negative ways. To them. Information and Communication Technology in the Globalization Era: The Socio-economic Concerns Abstract The most conspicuous development in the globalization context has been the Information and Communication Technology (ICT) influx.
It seems to have turned the world into a global village. ICT, in the globalization context, is all about.
Published by Friedrich-Ebert-Stiftung, Quaker United Nations Office and Lancaster University March This joint publication demonstrates how economic, social and cultural rights can contribute to a sustaining peace approach to peacebuilding.
UNCTAD Development and Globalization: Facts and Figures is dedicated to the Sustainable Development Goals that were adopted .
Feb 19, · Verrrryyyyyyyyy Important:P The reason we are where we are today, is putting it simply, because of ICT. Information and Communication Technology was the key to a chain of technology enhancements and things that have changed our way of living forever.