Implications of High Technological-Driven Globalization - 550 Words

Implications of High Technological-Driven Globalization (Essay Sample) Content: Implications of High Technological-Driven GlobalizationStudents NameInstitutional AffiliationImplications of High Technological-Driven GlobalizationGlobalization is a concept that started during pre-colonial periods. The advent of technology resulted from the international trade and harmonization of international laws and political systems. However, the thriving of technology in the modern error has been fueled by the advancing technology. A fast growing technology has changed the way through which economies and companies organize their production lines, investing in the capital or money market, planning their transport systems, trading in the global market, and adjusting in their cultural dynamics. The advancement of technology has not only brought immense benefits to economies, but also been paralyzed by unethical practices originating from global black markets (Zajda, 2015, p.125).The main implication of globalized advanced technology is the cybercrime. Most commun ication sectors have been attacked by tech savvy individuals to either acquire money or fame. Recently, there were instances of cyber-attacks that were targeting corporate world for ransom. The idea of using Ransomware, was categorically used to fleece global institutions whose security systems were not advanced. Other global cybercriminal trends arising from fast changing technology are cyber terrorism and cyber bullying. Most terrorist acts are planned, funded on the internet. Cyber bullying on the other hand, is also spreading from psychologically driven software, developed to change how youths think. This has resulted into several suicidal missions after being scammed of money and other fortunes. The culture shock brought by fast changing communication systems has reduced youths to technology slaves and made them unemployable (Crow Muthuswamy, 2014, p.3).Fast-changing technology has denied economies revenues in form of tax; this is because of dirty online trade and online syste ms, which are not recognized by most revenue authorities. The fast advancement in technology has, in addition, facilitated the rate of money laundering. Most online payment systems are instituted in specific countries; therefore, they do not have physical location where most transactions take place. This makes it difficult for revenue authorities to institute investigation regarding funds originating from them. Most banks which embraced online banking resulting from cloud computing have been subjected to security threats from forgeries and stealing of funds by high-tech hackers (Holtgrewe, 2014, p.24).Ultimately, globalized advanced technology has negatively impacted the educations systems in most learning institutions. Most students are subjected to information overload, reducing the quality of learning that was initially acquired from books. Most learners have also adopted out-of-class way of learning culture, which reduces their ability to understand technical concepts. The fast- changing technology has brought global cultural interactions in schools leading to irreversible social decadence such as drug use (Chen Ritzer, 2015).In co...