Chapter 2 - Globalization.docx - Globalization Defined:...

Globalization Defined:

Globalization: the growing interdependence of the world economies, cultures, and
populations, due to the cross border trade in goods and services, technology, and flows of
investment, people and information

The global economy is heavily interconnected
More on Technology as a Driver of Globalization:

Technology and the "accidental wiring of the world" during the .com bubble help create a
connected world where people in emerging markets could participate as consumers or
employees
Moore's Law:

Cofounder of Intel, predicted the rate of change in computing power in 1965 based on the
rate of advancement of the underlying transistors and semiconductors

Moore's Law states that processor speeds, or overall processing power for computers will
double every 2 years

It has held true, impact is that computing power has grown exponentially

This law is what has been the underlying force that has continued to drive technology
advancement at an exponential pace over the last 40 years