Role of Technology in Globalisation

INTRODUCTION: A fundamental shift is occurring in the world economy. We are moving progressively away from a world in which national economies were relatively isolated from each other by barriers to cross-border trade and investment - by distance, time zones, language, national differences in government regulation, culture and business systems. And we are moving toward a world in which national economies are merging into an interdependent global economic system, commonly referred to as globalization. The …

…it begins to be part of the everyday fabric of our lives. And we see a time where millions of companies will be connected to literally billions of customers and consumers using billions of devices whether they be cell phones, or personal computers or smart cards as a way of interacting with these companies, a way of gaining access to information and new services both from the public and private sectors all over the globe.