1. How have changes in technology contributed to the globalization of markets and production?

Would the globalization of production and markets have been possible without these
technological changes?

In this generation, technology is the most important role in our economic globalization. In fact,
one of the main factors promoting globalization has been technological development. It has also
contributed significantly to globalization of markets and production. Because to developing
technology we were able to overcome the significant problems of globalization and international
trade.
the changing in technology would lead to an influence on globalization of markets and
globalization of production.

This is very helpful in emerging markets and Businesses. The opportunities for companies to
expend businesses are raised, due to plummeting in global communication cost. Updated
information can be collected, and monitoring overseas markets trend would become easier.

2. How does the Internet affect international business activity and the globalization of the world
economy?
Internet has a large impact on international business activity and the globalization of world
economy
The Internet has facilitated the creation of a 24/7/365 market place where information is
available in real time.
Because it has made it easier for large and small businesses to conduct international business,
The way that businesses exchange information has changed drastically since the Internet has
become widely used. Exchanging information between businesses has become easier.
Now, through email, online video conferencing and document-exchange websites, small
businesses can collaborate with developers and vendors all over the world easily and
inexpensively and with a full exchange of necessary information.
The internet contributes to the world economic growth. Companies that offer international
shipping allow users from all over the world to buy goods. It has a good impact on international
business.
3. “The study of international business is fine if you are going to work in a large multinational
enterprise, but it has no relevance for individuals who are going to work in small firms.”
Evaluate this statement.
Globalization is changing the world economy.
1. How have changes in technology contributed to the globalization of markets and production?
Would the globalization of production and markets have been possible without these
technological changes?

In today's version of economic globalization, technology is the major factor. Massive advances
in the technological sector have made a significant contribution to globalization. We were able to
overcome the major challenges of globalization and international trade due to technological
advancements. Improved transportation, internet, and microprocessor technology greatly helped
globalization's rapid expansion. In response to the second question, technological developments
enable a company to create and operate a globally distributed production system, for me I think,
without technological advancements, such globalization of markets or even production would be
impossible.

2. How does the Internet affect international business activity and the globalization of the world
economy?

The corporate world has significantly changed significantly as a result of the Internet and
globalization. Because of the speed with which information can be accessed and electronic
transactions can be completed, it has enabled businesses to gain a competitive advantage and
increase productivity. Because it has made it easier for large and small businesses to conduct
international business, the Internet and its associated World Wide Web have an impact on
international business and the globalization of the world economy. Some businesses have been
able to join the global economy due to the Internet and the web.

3. “The study of international business is fine if you are going to work in a large multinational
enterprise, but it has no relevance for individuals who are going to work in small firms.”
Evaluate this statement.

Because of the rate at which globalization is increasing, I disagree with this statement. Years
ago, this statement might be a little more accurate, but not anymore. The global economy has
shifted as a result of globalization. Actually, the study of international business is relevant to
anybody who works in the business world, regardless of how big or small the company is.
Individuals in small businesses in today's modern world must consider the wider perspective and
aim to expand their horizons. Also, with today's technical improvements, there are more options
to go international.
1. How have changes in technology contributed to the globalization of markets and production?
Would the globalization of production and markets have been possible without these
technological changes?

Technological change has made globalization a reality. Major advances in communication,

information processing, and transportation have brought the world closer together. The
development of the microprocessor is perhaps the single, most important innovation as it
increased the amount of information that could be processed by individuals and firms. The
Internet has facilitated the creation of a 24/7/365 market place where information is available in
real time. Advances in transportation have enabled firms to take advantage of the savings
associated with dispersing production to low-cost production locations. And the advanced
technology in microprocessors, Internet, and transportation enable the spreading out of
globalization. Globalization has two main components the globalization of markets and the
globalization of product." In other words, the changing in technology would lead to an influence
on globalization of markets and globalization of production. The use of telecommunications
increasing the amount of information being transferred, but lower its cost. This is very helpful in
emerging markets and Businesses. The opportunities for companies to expend businesses are
raised, due to plummeting in global communication cost. Updated information can be collected,
and monitoring overseas markets trend would become easier.

2. How does the Internet affect international business activity and the globalization of the world
economy?
Internet has a large impact on international business activity and the globalization of
world economy. Prior to the invention of the internet, information traveled around the world via
telephone, television or print. Since internet appeared it has made it much easier for businessmen
to find and contact each other. Also it has equalized large and small business, and it allows them
to expand their global presence at a lower cost than ever before. So internet has affected the way
information is exchanged. The way that businesses exchange information has changed drastically
since the Internet has become widely used. Exchanging information between businesses has
became easier. Especially small businesses which did not have the financial resources to arrange
large meetings with suppliers or developers that would require air travel and accommodation
expenses. Now, through email, online video conferencing and document-exchange websites,
small businesses can collaborate with developers and vendors all over the world easily and
inexpensively and with a full exchange of necessary information.
3. “The study of international business is fine if you are going to work in a large multinational
enterprise, but it has no relevance for individuals who are going to work in small firms.”
Evaluate this statement.

Globalization is changing the world economy. Firms, even small ones, can no longer
ignore events going on outside their borders because what occurs in one country has implications
for the rest of the world. Individuals who believe they can act in isolation by working for a small
firm are not being realistic, but rather myopic and insular. Today, thanks to advances in
technology, many small firms sell and source internationally very early in their evolution, those
that fail to take advantage of international opportunities may not achieve their full potential, and
ultimately may fail as competitors that do recognize the importance of international business
dominate.