Globalization and Technological Advancements Questions and Answers

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What are the advantages and disadvantages of global connectivity?

Some advantages of global connectivity include increased access to information, global markets, and communication between societies and peoples. Some disadvantages include electronic access to valuable information, which can be used maliciously, and a decrease in the ability of small companies to compete with larger, global companies.

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One of the greatest advantages to global connectivity is that it allows the maintenance of supply chains all over the world. One can track markets worldwide in real time and adjust orders and prices accordingly. Another advantage is that it allows people all over the world to communicate. This allows for the sharing of ideas and cultural values. People are also able to see the humanity in all nations; hopefully, this will make it more difficult to go to war as people are more likely to unite over shared cultural values and struggles. Global connectivity also makes it possible to receive news from other countries as seen through the eyes of the people who live there. It is important to gain other perspectives on world events.

Global connectivity also has some downsides. Businesses now have to compete with companies all over the world for the consumer dollar. Many small businesses cannot keep up under worldwide competition. Global connectivity also makes the world more vulnerable to cyber...

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