Relationship between Global Economy and Information Technology

Information Technology Changing the Global Economy

Today, part of the global economy grows as the information technology, changing the economy landscape. Professor Uday Karmarkar from UCLA Anderson School of Management describes the rise of service industrialization below.

This is happening because of the advent of information technologies and the surge of new technologies made it possible. This is also termed as globalization of the economy, or even techno-globalism. The phenomenon is evident in most industry, especially the financial market. As a result, this increased the cooperation between and inter-linkages among organization to lead innovative work for the research & development, servicing and production spreading around the globe