The Effects Of Digital Technology On Globalization

The economics of globalization are altered by digitization in numerous ways. In digitalizing the world, science and technology play an essential role. Digital platforms enable businesses to interact with clients and suppliers worldwide by lowering the cost of cross-border communications and transactions as their reach becomes more global. The phones will likely be produced worldwide by Samsung, Apple, or other large global mobile phone companies.   

More quickly than any other innovation in human history, digital technologies have transformed civilizations and reached almost 50% of the population in developing countries. Thanks to mobile banking at home and abroad, people may now access money more quickly than ever. Technology may be many equalizers by improving connection, financial inclusion, access to commerce, and public services.   

Technologies can potentially improve our world's justice, peace, and fairness. Each of the 17 Sustainable Development Goals, including eradicating extreme poverty, lowering maternal and infant mortality, promoting sustainable agriculture and decent work, and reaching universal literacy, can be supported and accelerated by technological advancements.   

However, technology can also undermine security, harm privacy, and exacerbate inequality. They have effects on both human agency and human rights. Governments, corporations, and individuals decide how to harness and handle new technologies.


More quickly than any other innovation in human history, digital technologies have transformed civilizations and reached almost 50% of the population in developing countries. Technology may be many equalizers by improving connection, financial inclusion, access to commerce, and public services.  

AI-enabled frontier technologies, for instance, assist in diagnosing and treating diseases and extending the life span of the healthcare industry. Distance learning and virtual learning settings have allowed students who would otherwise be shut out of programs to participate. With the aid of AI, public services are also becoming less bureaucratically onerous and more accountable through blockchain-powered systems.

Additionally, big data can help make policies and programs more precise and responsive. But those who aren't yet linked are further behind and shut off from the advantages of this new era. Women, the elderly, individuals with disabilities, people from ethnic or linguistic minority groups, indigenous peoples, and residents of underdeveloped or isolated areas make up many of those left behind.

Among some constituencies, the rate of connectedness is slowing or even turning around. For instance, women use the internet at a rate 12% lower than men worldwide. While this difference decreased between 2013 and 2017 in most regions, it increased from 30% to 33% among the least developed nations.


Technology has transformed the labor force throughout history, bringing in new forms and patterns of employment while rendering others obsolete and causing broader societal changes. It's conceivable that the current change wave will significantly influence. For instance, according to the International Labor Organization, adopting sustainable practices in the energy sector, using electric vehicles, and boosting energy efficiency in the present and future buildings might create 24 million additional jobs globally by 2030.  

According to projections from organizations like McKinsey, 800 million jobs could be lost to automation by 2030, and surveys show that most workers are concerned that they lack the education or experience required to land a well-paying position.

There is general agreement that addressing these trends will necessitate adjustments in how we approach education, such as emphasizing STEM subjects more, teaching soft skills and resilience, and making sure people can re-skill and up-skill throughout their lives. Better support will be required for unpaid labor, such as child care and elder care in the home, as the demands on these jobs are projected to rise as the world's population ages.


Today, digital technologies like data pooling and AI are employed for everyday tasks like traffic navigation and bill payment, as well as tracking and diagnosing problems in agriculture, health, and the environment. They can be used to protect and exercise human rights, but they can also be abused, such as when they are used to track our whereabouts, purchases, communications, and actions.

The instruments to harvest and exploit data for financial and other goals are becoming increasingly available to governments and enterprises. If there were a method for effectively regulating personal data ownership, however, personal data would start to become an asset to an individual. Depending on the kind of safeguards, data-powered technology can empower individuals, enhance human wellbeing, and advance universal rights. 


Nearly half of the world's population is connected by social media. It enables individuals to communicate in real-time with people worldwide and have their voices heard. Giving hate speech and false information a platform or amplifying echo chambers, it can, however, also serve to perpetuate preconceptions and foment division. Social media algorithms can contribute to the globalization of society's fragmentation in this way. However, they also can have the opposite effect. 


When geopolitical tensions rise, much conversation is being had on a national and international level about handling these changes. The UN Secretary-General has warned of a "great fissure" between major global powers, each having its internet and artificial intelligence agenda, dominating monetary, trade, and financial norms and divergent geopolitical and military viewpoints.    

Universal cyberspace representing global values for peace and security, human rights, and sustainable development is increasingly recognized as essential to ensuring a united world. Such a division might create a virtual Berlin Wall. The High-Level Panel on Digital Collaboration of the Secretary-General makes the "global commitment for digital cooperation" one of its main recommendations.

Final Words  

Technological developments lower the cost of international travel and communication, which makes it easier to get raw commodities and other inputs globally. Technology that has received a patent promotes globalization since the patent holder may profit from international markets with little competition. 

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