Technology drives globalization by reducing the cost of crossing borders: containerization cut shipping costs by 90%, the internet made global communication near-free, e-commerce enabled cross-border trade for small businesses, and mobile technology connected billions in developing markets to the global economy.
How Does Technology Drive Globalization? Technology is the primary driver of modern globalization. Every major wave of globalization has been preceded or enabled by a technological breakthrough that reduced the cost of crossing borders. Understanding this technology-globalization relationship is central to understanding why and how globalization has developed. Containerization: The Revolution That Made Global Trade Possible The standardized shipping container, introduced commercially in the 1950