The Role of Technological innovations in the economics and Cultural Globalization

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Description

Since the 1980s, a new world order was emerging in which the world was becoming more connected with increased interaction of people around the world. There is not time in the history of the world that the world has been so closely interconnected like it is today. According to Kellner (1997) the wave of globalization which started in the early late 20th century has seen increased connectedness in production, communication and technologies creating a “global village”. The term global village here can be taken to signify the reduced distance between different parts of the world. However the physical distance between countries has remained the same.