Exploring Technology's Facilitation of International Business Today

This essay examines the ways in which technology facilitates international business in the contemporary globalized world. It begins by defining key terms such as technology, technology transfer, and globalization, and then discusses how technology, through ease of identification, secured logistics, and multiple communication channels, has become essential. The essay highlights the importance of telecommunication, transportation, and data security, providing examples of how technology has revolutionized business operations, including production, communication, transportation, and marketing. It also addresses challenges such as increased competition and the need for resource sharing, while noting the impact of technology on employment, economic structures, and international relations. The rise of e-commerce and digital marketing further demonstrates technology's role in providing greater independence and visibility for international firms. Desklib offers a wealth of similar resources for students.