Emergence of Global Markets (BUS 250) Essay Example | Topics and Well Written Essays - 750 words

Emergence of Global Markets (BUS 250) - Essay Example Technological developments have been immense over the years in all sectors. There are a number of advantages and disadvantages. This essay aims at understanding the effects of technological developments. Technology can be a rather empowering at times but often can also be very frustrating. The computer related technology is becoming one a very important part of the society, and the usage of these technologies has increased a lot over the past few years. With the introduction of Internet there has been a great improvement in the overall lives of many. Internet has infiltrated almost every aspect of life, making it a necessity rather than a luxury. The internet has to a great extent provided a strong ability for globalization. As discussed, the technological developments have been immense over the years in all sectors. The technological developments over the past few years have been immense in almost every field. These developments have been clearly noted a transformation in the commun ication, transport and travel industries and has also led these industries towards a converging harmony. The technological development has been able to push and force attention to the isolated ‘Third World’ Societies into contact with the products of modernity and globalised products. As mentioned earlier, the access to higher and more advanced technology has led to the ability for the industrial activities to flow easily within the markets. It has also provided a chance to allow for better and more flow of finances across the industries. Also it allows for hampering the national government controls. This in simpler terms means that the companies are able to now take on a different approach. Instead of providing customized items, companies have now led to developing more standardized products to meet the global standards. The focus is to provide