The economy is constantly becoming more global and less local. Globalization is the driving force behind many of the technological advances of today. IT outsourcing is a result of globalization where multinational corporations have made it feasible for American companies to send hundreds of thousands of jobs to India. The companies exploit workers and take advantage of cheap labor, which is a widely known negative aspect of outsourcing IT. Regardless, it still happens and millions in profit go to the companies that outsource their IT. This is a result of the increasingly cheaper cost of information technology that has allowed for globalization to exist and to be so easy.
The cost of overseas calling has also significantly decreased. I have a huge family and lots of aunts, uncles and cousins that live around the world. I remember when I was younger and we barely spoke to them over the phone (land lines) and when we went to visit family in India and needed to call back home my dad had to leave my aunt’s home to go somewhere that had overseas calling capabilities. Things have changed so much since then, because we call our family members more frequently, with ease and the cost of the calls are significantly cheaper.
Virtual offices are also used more frequently because of globalization. Individuals communicate more over the phone, email, video chat, and other communication technologies. The rentable spaces for virtual offices and the actual virtual workplace environments are perfect for global companies. They increase the number of global companies and expand the reach of many companies. Is this a good thing? Is globalization occurring because of the technology available or is the technology a result of globalization? Is it happening at the same time? Does it depend on the situation?
Globalization is a huge issue today, especially because of the state of the current economy. Do you think that globalization is positive? Negative? or both? Is the technology that allows for the global economy more destructive in the long run or helpful for people/ societies?