Understanding The Globalisation Of Technology Firms Business Essay

Published: Last Edited:


Globalisation of technology is the trade of property in both ways like physical as well as academic. Globalisation of technology is move towards and gives support to development of global technology in two different parts 1) on large range in technological project through promoting internally efforts (Like international space station). 2) Innovating new global markets for technological infrastructure (Like communication, data storage, information system, electronic appliance) in all under developed country of the worldwide. Globalisation of technology gives a new global market which gives tech goods like computer, telecommunication, economic information, technology policy makers. Globalisation of technology is innovating and development of the new technology in own country as well as internationally and also seems to surrounded in the cultural system, labour market, national institutional, government policies, law institutions, school, firms, national business centre, MNCs, corporate institute, business centre etc they all are the comes under the globalisation of technology.

Globalisation of technology has a major role in economic growth as well as activities. By globalise day by day technology also change and explore innovating new ideas for stockholders, inventors, entrepreneurs as well as corporation. Globalisation of technology flows we can show in either tangible or intangible assets. Globalisation of technology has a major role play in new technology in economic, social, cultural, environment, ecological, labour market globalisation. Aeroplane, fax, internet, computers, navigators, satellite, space station, communication they make possible and expand knowledge of information exchange, trade as well as personal contact across the world wide. We can't think ourselves without this technology. Without these technology there is impossible for communication and also transport technology to other country and from the globalisation of technology service increasing in social, cultural, economic life. Globalisation of technology is the introduction to the information era from the extremely on impact skilled, information system, telecommunication system, clerical work, employment service, reorganisation of the business and growth in small business. Globalisation and Technology always along with each other. Globalisation is kept under control which is making the fixed plan for production and sales on a global basis. In all cases work done by human their place is taking by technology and it's more demand in education and training. Globalisation of technology changes the technique of business operates by changes the relationships between suppliers, producers, retailers and customers. (Ross, 1993.p.xii)

By globalisation of technology concept is not only affected in social and cultural life as well as economic growth it also affected on distribution, production, firm, entrepreneur, government policy which developed strategies, business centre, stakeholders to generate technology and it is not based on a single country it depends internationally from globalisation of technology they connect with different parts of different country like China, India, America, Russia, Japan etc. They all exchange their technology and developed their relation as well as business.

Globalisation of technology has major important increasing in world economic by knowledge international transmission of know-how, new technologies. The main part of globalisation of technology is science base commodity of world trade, FDI (foreign direct investment) and it's for important vehicle which is innovation across the world transborder and new technology corporation, new opportunities, innovating idea and lots of knowledge. Globalisation of technology is important for developed country because it is most necessary to know their new innovating idea, implication of strategies, positive attitude towards new policies, government interest, economy growth, government action. It gives new opportunities to develop business national as well as internationally. Taxonomy of globalisation of technology we can see profits seeking firms and individuals, multinational firms, national and international firms, universities and public research centre. They forms export and imports of innovative goods, sale of licences and patents of product, foreign production goods, research and development (R&D)and new action in own country as well as host country , joint venture project as well as R & D networks and productive agreement between technical equipment and information system.

For globalisation of technology, here there are few oppose because technology gives profits for suppliers and distributors for the best and high life style for underdeveloped country. But after the attack of World Trade Centre in US September 11,2001, many developed country had to monitor the sold the military defence related goods, weapons and buyers that they shows as suspects and it is big disadvantage of globalisation of technology.

Recently there is fear arise from terrorist groups because they able to get materials for manufacturing of weapons of mass destructions. Because of that International organisation such as United Nation had made some rule and regulation to give permission to take risk for global security and because of these reason military adviser always opposed globalisation of technology, they feel it is to encourage for markets and for groups like Al-Queda, Hamas and Hezbollah because they get very dangerous weapons. Globalisation of technology has disadvantage also as well as an advantage also .Technology is globalised very fast now day by day every nation create new technology and they globalised very fast and get very huge market, suppliers and distributors , economy growth etc and make strong position in the world wide. Innovation are almost and ever take place in the own country of the parent company and it is refused on the basis of the proof drawn from 100 years of US Patent office data and secondly technology leader past 20 years all technology leaders are against in the globalisation and that is why it is damage in the grow internal international networks.

Many places in the world which are not able to access global technology and they cannot get the advantage of globalisation and risk also marginalisation from global trade. (Castells, 1998), there information and communication technology (ICT), and it gives to marginalisation of least develop country (LDCs) in the south East Asia (SEA) and Eastern and Southern Africa (ESA) and these country also gives their effort in information and communication technology for support growth as well as development. Globalisation of technology is advance technology new, faster best good and service are available and it's in demand and also its fulfil customer demand as well as shifting in the labour market move to workers who has skills and capable for provide goods and service and for globalisation of technology and for they want less no. of workers made in field.

World Economic Forum Annual Meeting and Davos 2010 and Initiative:

Davos-Klosters, Switzerland 27 - 31 January

The world economic forum is an independent international organisation which is improving the country and state of the world by attractive leaders in the industry, regional and also in the partnerships to shape international global.

World economic forum Annual Meeting They discuss that it will be not possible to come out from the global economic crisis and we have to protect against future any crisis and if the economic imbalance. Countries has to be do extra business and make more consumer and improve their lifestyle as well as and social protection of their citizen. They also discuss about the enormous of economic motivate the investment s for each nation which suffer from crisis. They also discuss initiative how to improve the health of women and the children in the poorest state of the world. Global issues here climate change, global warming, lots of development changes. The global mean for job-growth anticipations, while Western Europe lags behind. The sluggish finances interprets the strengthening stance in the direction of banks taken by some authorities lately, encompassing President Barack Obama's promise last week to chink down on banks too large-scale to go incorrect and bar them from proprietary swapping and buying into in hedge funds. The banks get little overt understanding, even in the business playground that is Davos. "I don't believe there's any inquiry that there need to be basic changes" (cited in Buerkle, 2010) in economic guideline, states Dennis Nally,

global head individual of PwC. But participants are concerned that household political stresses will punctual authorities to hit out on their own, fracturing the G-20 agreement on bank bailouts and incentive programs that stanched the economic urgent position a year ago. The poorest of the worsening may be behind us, but until political leaders and controllers set up clear directions for the future, the recovery is expected to depart every individual unhappy.

Recommendation & Conclusion:

Globalisation of technology gives the chance for the knowledge and giving out and it's not necessary to all country and institution gets equally advantage from the globalisation and all factors like economy, culture, labour market, technology etc. We can say that on the nation it shows that institution have to manage the benefits mostly from globalisation in both way scientific as well as technological. All developing nation do not repeatedly keep out from the benefits and if they want to advantage from globalisation of technology. If they apply active policies well designed to improve and increase more knowledge and learning technology. Globalisation of technology require different learning strategies and nation has a chance and it is might be a good reason to one form to another form and it is also collaboration between the public and business institution and organisation.