Thursday, August 29, 2019
Globalization and Technology Essay Example | Topics and Well Written Essays - 500 words
Globalization and Technology - Essay Example Information technologies such as the internet are a factor that positively influenced globalization around the world. The internet has influenced globalization in several ways. People can use the internet to communicate across the world with other people. Cultural barriers were broken due to the internet because people can use the internet to learn about other cultures. A database that can be access with the facility of the internet that is very useful to learn about cultural matters is the CultureGrams database. An example of a website that has used the internet to reach the global population is Facebook. The internet led to the development of virtual companies. One of the most successful virtual companies with global sales of $8.7 billion in 2009 is the online auction site EBay (Ebay, 2011). EBay is one of many companies that is benefiting from e-commerce transactions. In 2010 the size of the US e-commerce marketplace was $153 billion (Plunkett Research, 2011). The corporate world can utilize the internet for many purposes. One of the primary benefits of having a corporate website is that it can help a company generate additional revenues. The revenues that a company can generate using e-commerce are not limited to their domestic region. The internet allows companies to reach global customers. Normal physical stores do not have that capability.