How have changes in technology contributed to the globalization of markets and production? Would the globalization of markets and production have been possible without technological changes?

Technology enhances globalization. In past two decades, technology burst out like an explosion, definitely, the improvements of technology make our lives much more convenience. And, the advanced technology in microprocessors, Internet, and transportation enable the spreading out of globalization. Hill, C., (2001) stated "Globalization has two main components: the globalization of markets and the globalization of product." In other words, the changing in technology would lead to an influence on globalization of markets and globalization of …

…and provider would not connect each other; products cannot transfer to overseas market. Therefore, people would lose the opportunities to enjoy different products from all around the world. Finally, markets from different countries should not be merged together, and the production process should not spread out. That's why the technology essential and enhance globalization. The above assignment is coming from the resources of Hill, C., "Globalization", International Business, 2001, 3rd ed, McGraw-Hill Higher Education, New York.