Globalization and Technology Impact

The video discusses the impact of globalization on technology, highlighting how it affects prices, availability, and advancements. It explains that most of the world's currency is digital and emphasizes the importance of understanding globalization. The video explores how globalization reduces technology costs, increases availability, and fosters community learning, leading to rapid advancements. It concludes with a positive outlook on the future of technology.

What percentage of the world's currency is digital?

• 100%

• 92%

• 75%

• 50%

What was the price of the first smartphone, the IBM Simon, when it was announced in 1992?

• $1,500

• $500

• $800

• $1,100

How does globalization primarily affect the price of electronic technology?

• Reduces consumer demand

• Increases production costs

• Decreases labor wages and material costs

• Limits technological advancements

What is a significant benefit of globalization for developing countries?

• Higher production costs

• Increased isolation

• Greater access to advanced technology

• Decreased connectivity

Why is it easier to integrate electronics into products within the same country?

• Decreases product quality

• Reduces import/export costs

• Increases product complexity

• Limits market reach

What is a major consequence of globalization on technological advancements?

• Decreased competition

• Limited innovation

• Increased community learning

• Reduced knowledge sharing

How does competition influence technological advancements in the global market?

• Slows down innovation

• Encourages companies to copy each other

• Reduces product quality

• Fosters an environment for breakthroughs

What is the main reason electronics have advanced so quickly?

• Limited technological sharing

• Community learning and competition

• Lack of competition

• High production costs

What are the three major ways globalization affects technology?

• Isolation, cost, and complexity

• Production, distribution, and marketing

• Price, availability, and innovation

• Demand, quality, and simplicity

What does the future of technology look like according to the video?

• Uncertain and bleak

• Limited and constrained

• Bright and promising

• Stagnant and unchanging