International Business Essay Example | Topics and Well Written Essays - 1750 words - 4

International Business - Essay ExampleLastly this paper will end with some recommendations to Governments and Companies on the effects that one of the seven forces of globalisation will have on the personality of international business.The force of globalization that this paper will focus on will be engine room. It is the case that the term technology is difficult to define. It remains an important theme for all scientific study furthermore all of these advances lead to improvements in the business community and subsequent globalization. However there appears to be no real consensus on it meaning. According to Marx (1997) it is the case that the term has become associated with business, engineering, advancement but subsequently has also become associated with exclusionary forces directed towards women, laborers, and non-western people. For the purpose of this paper, technology will be defined according to dictionary.com (2010) in which it will refer to the branch of knowledge d edicated towards the development and implementation of technical means towards industrial arts, engineering, science and applied science. In this regard one can consider technology an important gene of globalization. According to the International Chamber of Commerce (ICC, 2000) technology remains one of the most important drivers of globalization through such factors as greater efficiency through e-commerce, the internet (Which provides instantaneous delivery of information). This proves to be a serious factor for globalization insofar as the free flow of information has do many markets more competitive. Secondly a major technical innovation that has brought about serious globalization factors is the spread and development of computers themselves which have helped make improvements in production and distribution capacities help drive rectify major costs and as such increase efficiencies. Building on this point major technological advances in the telecoms sector makes communicati on much easier