Sunday, August 11, 2019
Role of Barriers and Technology in Globalization Essay
Role of Barriers and Technology in Globalization - Essay Example The gradual reduction of these barriers has helped lead to the process of globalization by allowing for a more free flow goods & services across boundaries. However, according to Micklethwait and Wooldridge (2003) the reduction of barriers is not an easy process. Often times it requires the passing of serious legislation and laws over long periods of time. From this perspective one could argue that globalization does not occur in leaps and bounds, rather it is a slow and arduous process insofar as there is not one moment that could be pinpointed as the catalyst for globalization. Moreover, the process requires a great deal of goodwill from nations to help ensure that nations remain in good standing with each other, such as the U.S. passing of the Mashall plan to help build Europe as a strong trading partner. Another major contributing factor of globalization is the role of technology. Much like the reduction of trade barriers there is no one single source of technological innovation that is the sole contributor of globalization. Rather it is a series of several new technologies that contribute to globalization. One of the major new technologies is improved communication channels. By having access to telephones, fax machines, email, the internet, instant messaging, mobile telephone devices etc., there comes an increased transparency.
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