Thus, the internet facilitates international trade by allowing firms to advertise their products, accept orders, deal in or transact goods and services quickly and effectively to intended consumers.

One of the more significant effects that the Internet has on global markets for small business is the ability for small businesses to reach an international audience for a very low cost. A corporate website can become a marketing resource for a company that can be accessed by anyone in the world.

The Internet and globalization have radically changed the business world. It has enabled companies to improve their competitive edge and increased productivity, simply because of the speed of access to information, and of electronic transactions.

The internet enhances communication, and is a major component of globalization. Thus the internet amplifies the harmful effects of globalization. It also enables or enhances the positive effects of globalization, making the world a better place… just not equally better for everyone.

Which technologies have had the biggest effect on globalization? the Internet, the graphical interface of Windows and the World Wide Web, and workflow software.

Technological globalization can be defined as the increasing speed of technological diffusion across the global economy. It refers to the spread of technologies around the globe, and particularly from developed to developing nations.

Globalization boosts technological development First, globalization allows countries to gain easier access to foreign knowledge. Second, it enhances international competition—including as a result of the rise of emerging market firms—and this strengthens firms’ incentives to innovate and adopt foreign technologies.

Technology is the vital force in the modern form of business globalization. Technology has helped us in overcoming the major hurdles of globalization and international trade such as trade barrier, lack of common ethical standard, transportation cost and delay in information exchange, thereby changing the market place.

Technical equipment as cell phone, internet, telephone and microchip have contributed to globalisation by exchanging ideas, capital and people to make convenient to move from one place to another as a fast pace to stimulate the process of globalisation.

Globalization refers to the historical process by which all the world’s people increasingly come to live in a single social unit. It implicates religion and religions in several ways. From religious or theological perspectives, globalization calls forth religious response and interpretation.

Globalisation also brings negative impacts on religion by breaking traditional beliefs as people are more connected with the world that sometimes weakens their own religious belief. According to the World Christian Encyclopedia, there are 9,900 distinct religions and 2 or 3 new religions created every day.

globalization transforms the generic ‘religion’ into a world-system of competing and conflicting religions. This process of institutional specialization has transformed local, diverse and fragmented cultural practices into recognizable systems of religion.

Regionalization as a trend of global development In the context of globalization acquires special relevance selective protectionism – gradual global economic integration, combining openness to the outside world with the protection of national interests.

The regionalization process breaks larger territories into useful units that geographers need in order to conduct their specific research. One of the things that’s really important to this process is an understanding of scale.

Potential benefits of regionalization may include a reduction in practice variation with improved adherence to best practices, improved procedural outcomes due to higher provider skill and experience in high-volume centres, and a concentration of expertise and resources that reduces duplication of infrastructure, may …

Regionalism is important to you because it has been proven to make governments more efficient and effective. More efficient and effective governments help keep taxes and fees lower while providing you and your family with a higher quality of life.

Economic regionalism, institutional arrangements designed to facilitate the free flow of goods and services and to coordinate foreign economic policies between countries in the same geographic region. Examples of economic regionalism include free-trade areas, customs unions, common markets, and economic unions.

Regionalization is a process that is generally similar to globalization, but can compete with it to some degree. The main similarity is that, in both cases, there is a movement towards economic integration of more than one country. Although the two are similar, regionalization can be opposed to globalization.