W.82: Impact of Technology on Globalization

What is the concept of space-time compression primarily associated with?

• Reducing the cost of goods

• Enhancing local trade

• Reducing time and space barriers

• Increasing manual labor

How has containerization impacted the shipping industry?

• Increased shipping costs

• Standardized the way goods are packed

• Decreased global trade

• Reduced the need for technology

Which technology has played a central role in enhancing efficiency and connectivity in globalization?

• Steam engines

• Computer technology

• Manual labor

• Traditional marketplaces

What has been a major effect of advancements in computer technology on businesses?

• Increased isolation

• Reduced innovation

• Transformed business operations

• Decreased customer interaction

How has technology impacted globalization according to the text?

• It has slowed down globalization.

• It has intensified patterns of globalization.

• It has had no effect on globalization.

• It has made globalization irrelevant.

What has technology reshaped according to the text?

• Local communities

• The global landscape

• Individual lifestyles

• Traditional cultures

What does technology foster among nations, economies, and cultures?

• Isolation

• Competition

• Interconnectedness and interdependence

• Independence