The Future of Globalization
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Critically examine the future of globalization.
Analyze and forecast the impact of technological factors on global business. Also, discuss the financing and trade issues of the different types of economic systems.
In the future technology will enable the launch of more products and services to be global. Information technology will enable more products and services to be designed for the global market. At the same time technology will enable customers to access and buy almost any product across the globe. Information technology will enable greater price competition and consumers will benefit from lower prices. Similarly, technology will enable more businesses and industries to be set up with foreign markets as their major targets (Ijioui. R, 2010). The overall impact will be that the use of information technology will lead to world economic growth. It will also help the consumers get access to a wider range of products and services.
This solution explains the directions in which globalization will move in the long run. The sources used are also included in the solution.