Technological advancements have both positive and negative impacts on globalization from "summary" of Globalization and Its Discontents by Joseph E. Stiglitz
Technological advancements play a critical role in shaping the process of globalization. On the one hand, they have helped to facilitate the flow of information, goods, and services across borders, making it easier for businesses to operate on a global scale. This has led to increased economic efficiency and productivity, benefiting both developed and developing countries. With the advent of the internet and other communication technologies, businesses can now connect with customers and partners around the world in real-time, breaking down traditional barriers to trade.
However, these technological advancements have also created challenges for globalization. For instance, the rise of automation and artificial intelligence has led to job displacement in many industries, particularly in manufacturing and service sector...
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