Chapter Five - Globalization & Technology

Chapter Five - Globalization & Technology - Chapter...

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Chapter Five Globalization and Technology
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Globalization and technology What is technology? What examples come to mind? Technology is claimed to be one of the four driver of modern globalization. How has it accelerated globalization?
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Modern technology
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The Information Age
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Technology Technology : “ the application of scientific knowledge to facilitate a better quality of life .” Toffler defines three stages of economic and technological development: The Agricultural wave: 8000BC to 1750AD The Industrial Wave: 1750 to 2000 The Information Wave: 1960’s to present
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The Agricultural Wave Driven by labor intensive farming Agriculture was the largest component of GDP. The majority of the population were manual farm laborers. Societies were primarily rural. Global population growth was stagnant.
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The Industrial Wave The industrial revolution in England, and later Germany and France, lead to the invention of labor-saving machines and devices, first in agriculture, then in textiles. Key inventions: 1. The steam engine: agriculture, textiles, railways. 2. Electricity. 3. The internal combustion engine: automobiles, aircraft. 4.
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This note was uploaded on 02/06/2012 for the course ECON 111 taught by Professor Risnit during the Spring '11 term at SUNY Suffolk.

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Chapter Five - Globalization & Technology - Chapter...

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