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How Are Finance Globalisation and Technology Related?
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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HOW ARE FINANCE GLOBALISATION AND TECHNOLOGY RELATED? Technology has been during the years the key feature of social and mainly economic development. A classic example is that of the industrial revolutions. The industrialisation of the western world that took place at the end of the 19th century and beginning of the 20th was possible in great part thanks to the new technological developments that had been achieved till then. * New technology = new machinery = faster production = greater production. * Lower production costs = lower sale prices = mass marketing = global markets. In the modern society, the invention of computers and satellites has revolutionised even further the world market. Advanced technology plays a leading role in the global international market: you only have to think about the way the stock exchanges work...it's all based on computers. Some stats might make this more clear: * In 1973 --> 10 billion dollars were...
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