Chapter 1 Technology and Globalization: The Evolution of Human Interactions, Values, and Management Practices

Abstract

There is no lack of information on technology. This topic seems to prevail in a variety of publications and media channels. The subject of globalization is equally popular and widely discussed. Scarce resources reaffirm the idea that globalization, as the socio-economic reality, became possible only because of the astounding advances in technology. Consistent developments in technology contributed to the intensified globalization of the modern world, as we know it today. The role of technology in shaping the world’s history, trade, people’s wellbeing, social interactions, and other valuable exchanges of economic, social, and cultural capital is undoubtedly beyond compare. This chapter illuminates the impact of technology on the progress made in business and workplace practices, competitiveness of organizations, and management innovations.