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Home»Articles»Interface between Globalization and Technology

Interface between Globalization and Technology

Author : Binish Qadri and MudaserAhad Bhat
Volume 7 No.3 October-December 2018 pp 1-6

Abstract

Globalization and technology are two sides of the same coin (Qadri, Bhat & Jamal, 2018). They are complementary and a good interface between the two is sine-qua-non for growth and development in the contemporary global village. For Domar (1957, as cited by Solow, 2000) investment has a dual role. On the one hand, it generates income and on the other hand, it increases the productive capacity in an economy. In the same manner, the modern economy has a dual role. On the one hand, it promotes globalization and on the other hand, it promotes the technology. Globalization and technology are not devils at all. There is no good or bad globalization. In the same manner, there is no good or bad technology. Good or bad discourse arises due to good or bad interface between the two. The present paper argues that the good interface between globalization and technology will generate the ‘globalization of novelty’ which is nothing but the ‘globalization of technological innovations’ (Archibugi & Iammarino, 2002) and it will definitely be the connecting link between ‘globalization’ and ‘economics of knowledge’ (Archibugi & Iammarino, 2002). Further, the present paper argues that there is a two-way causal relationship or bi-way causality between globalization and technology (Chareonwongsak, 2002). Technology is both strength as well as the weakness of globalization. If it is not in tune with globalization then it becomes its weakness instead of strength and vice versa. Since globalization is beyond what we are seen and observed (Chareonwongsak, 2002, Bhattacharya, Bürkner and Bijapurkar, 2016) the present paper argues that ‘globalization of novelty’ (author’s own term) or ‘globalization of technological innovations’ is achieved only and only if we understand the reality of economics of knowledge and ideas. That is to say that a good interface between globalization and technology is a matter of sound understanding of the economics of knowledge and ideas. The need of the hour is to understand the economics of knowledge and ideas so as to understand the interface between globalization and technology. The economic inequalities we realize today is a result of how we manage globalization and technology (Reeves and Harnoss, 2016). For reducing economic inequalities and achieving a fair distribution of income, output, and employment in an economy it is essential to realize a good interface between globalization and technology. Therefore, in order to realize a good interface or interaction, the present paper suggests some ways and means which has a policy and future implication.

Keywords

Globalization, Technology, Liaison, Globalization of Novelty, The Law of Diminishing Returns

Full Text:

References

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[17] Kar, S & Roy, C, S. (2015). Globalization of Technological Innovation: Challenges and Opportunities. Science and Culture,Retrieved from http:// www.Scienceandculture-isna.org/july-aug-2015/06% 20Art _Globalisation %20 of% 20 Technologicalby _S.C.%20Roy_Samarjit%20Kar_Pg.182.pdf
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[30] Singh, A., &Dhumale, R. (2000). Globalisation, Technology, and Income Inequality: a Critical Analysis (Working Paper No.210). Retrieved from https://pdfs.semanticscholar.org/2c45/fe40d43d45c 887d3f0c6376721c837420131.pdf
[31] Solow, R.M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65-94. DOI: 0.2307/1884513.
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[33] World Bank. (2000). Poverty in an Age of Globalization. Retrieved from http://www1.worldbank.org/economicpolicy/globalization/documents/povertyglobalization.pdf
[34] Bimber, Bruce. (1990). Karl Marx and the Three Faces of Technological Determinism. Social Studies of Science, 20(2), 333-351. Doi: 10.1177/030631290020002006.
[35] Archibugi, D. &Iammarino, S. (2002). The globalization of technological innovation: definition and evidence. Review of International Political Economy, 9(1), 98-122.
[36] Chareonwongsak, K. (2002). Globalization and technology: how will they change society? Technology in Society, 24, 191-206.
[37] Liddell, Henry George; Scott, Robert. (1980). A Greek-English Lexicon (Abridged Edition). United Kingdom: Oxford University Press. ISBN 0199102074.
[38] Mannix, Loretta H., Stratton & Julius Adams (2005). Mind and Hand: The Birth of MIT. Cambridge: MIT Press. 190–92. ISBN 0262195240.
[39] Solow, Robert M. (2000), Growth Theory: An Exposition (2nd edition). Oxford University Press, Oxford and New York.

Asian Journal of Managerial Science (AJMS) is a quarterly international peer-reviewed journal of Managerial Science. One of the objectives of this journal is to disseminate knowledge on various research issues connected with the topics include, but are not limited to:

Accounting, Auditing, Banking, Business strategy, Corporate governance, Entrepreneurship, Financial structure, Capital markets, Health economics, Human resources management, Information systems,Innovation management, Insurance, Marketing, Organization, Production and logistics, Risk management, and Taxation.

Globalization and technology are two sides of the same coin (Qadri, Bhat & Jamal, 2018). They are complementary and a good interface between the two is sine-qua-non for growth and development in the contemporary global village. For Domar (1957, as cited by Solow, 2000) investment has a dual role. On the one hand, it generates income and on the other hand, it increases the productive capacity in an economy. In the same manner, the modern economy has a dual role. On the one hand, it promotes globalization and on the other hand, it promotes the technology. Globalization and technology are not devils at all. There is no good or bad globalization. In the same manner, there is no good or bad technology. Good or bad discourse arises due to good or bad interface between the two. The present paper argues that the good interface between globalization and technology will generate the ‘globalization of novelty’ which is nothing but the ‘globalization of technological innovations’ (Archibugi & Iammarino, 2002) and it will definitely be the connecting link between ‘globalization’ and ‘economics of knowledge’ (Archibugi & Iammarino, 2002). Further, the present paper argues that there is a two-way causal relationship or bi-way causality between globalization and technology (Chareonwongsak, 2002). Technology is both strength as well as the weakness of globalization. If it is not in tune with globalization then it becomes its weakness instead of strength and vice versa. Since globalization is beyond what we are seen and observed (Chareonwongsak, 2002, Bhattacharya, Bürkner and Bijapurkar, 2016) the present paper argues that ‘globalization of novelty’ (author’s own term) or ‘globalization of technological innovations’ is achieved only and only if we understand the reality of economics of knowledge and ideas. That is to say that a good interface between globalization and technology is a matter of sound understanding of the economics of knowledge and ideas. The need of the hour is to understand the economics of knowledge and ideas so as to understand the interface between globalization and technology. The economic inequalities we realize today is a result of how we manage globalization and technology (Reeves and Harnoss, 2016). For reducing economic inequalities and achieving a fair distribution of income, output, and employment in an economy it is essential to realize a good interface between globalization and technology. Therefore, in order to realize a good interface or interaction, the present paper suggests some ways and means which has a policy and future implication.

Editor-in-Chief
Dr. Tan Fee Yean
Department of HRM, Universiti Utara Malaysia, Kedah, Malaysia
[email protected]
Editorial Advisory Board
Dr. Aidil Rizal Bin Shahrin
Department of Finance and Banking, University of Malaya, Malaysia
[email protected]
Dr. Amalendu Bhunia
Department of Commerce, University of Kalyani, West Bengal, India
[email protected]
Dr. Ahmad Zahiruddin Bin Yahya
Department of Accountancy, University of Malaya, Malaysia
[email protected]
Dr. Anil Govindrao Suryavanshi
Department of Commerce & Management, The New college, (Shivaji University), Maharashtra, India
[email protected]
Dr. Ong Lin Dar
Department Of Business Strategy And Policy, University of Malaya, Malaysia
[email protected]
Dr.V.Balachandran
Department of Corporate Secretaryship, Alagappa University,Tamil Nadu, India
[email protected]
Dr. Yeong Wai Chung
Department Of Operation and Management Information, University of Malaya, Malaysia
[email protected]
Prof.V.V.Devi Prasad Kotni
Department of Management Studies,GVP College for Degree & PG Courses, Andhra Pradesh, India
[email protected]
Dr. Quah Chee Heong
Department of Business Strategy and Policy, University of Malaya, Malaysia
[email protected].edu.my
Dr.Subrata Roy
Department of Commerce, Rabindra Mahavidyalaya, West Bengal, India
[email protected]
Dr. Norbani Binti Che Ha
Department of Marketing, University of Malaya, Malaysia
[email protected]
Dr. Tey Lian Seng
Department Of Business Strategy and Policy, University of Malaya,  Malaysia
[email protected]
Dr. Mohammad Nazri Bin Mohd Nor
Department of Business Strategy and Policy, University of Malaya, Malaysia
[email protected]
Dr. Binish Qadri
Research Scholar, Department of Economics, Central University of Kashmir, India
[email protected]
Dr. Khaw Lee Hwei
Department of Finance and Banking, University of Malaya, Malaysia
[email protected]
Dr. V. P. Sriram
Department of Management, Balaji Institute of International Business, Maharashtra, India
[email protected]
Dr. Yusniza Binti Kamarulzaman
Department of Marketing, University of Malaya,  Malaysia
[email protected]
Dr. Kanagi Kanapathy
Department of Operations and Management Information Systems, University of Malaya, Malaysia
[email protected]
Dr. Abd El Salam Mahmoud Abou Kahf
Department of Commerce, Alexandria University, Egypt
[email protected]
Dr. Wong Sek Khin
Department of Business Strategy and Policy, University of Malaya, Malaysia
[email protected]
Dr. Lee Su Teng
Department of Business Strategy and Policy, University of Malaya, Malaysia
[email protected]
Dr. Phoong Seuk Wai
Department of Operation and Management Information System, University of Malaya, Malaysia
[email protected]
Dr. Dennis Palkon
College of Business, Management, Florida Atlantic University
[email protected]

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    Editorial Note

    Editorial Dr. Tan Fee Yean

    Editor-in-Chief
    Dr. Tan Fee Yean
    Department of HRM, Universiti Utara Malaysia, Kedah, Malaysia
    [email protected]
    Editorial Advisory Board
    Dr. Aidil Rizal Bin Shahrin
    Department of Finance and Banking, University of Malaya, Malaysia
    [email protected]
    Dr. Amalendu Bhunia
    Department of Commerce, University of Kalyani, West Bengal, India
    [email protected]
    Dr. Ahmad Zahiruddin Bin Yahya
    Department of Accountancy, University of Malaya, Malaysia
    [email protected]
    Dr. Anil Govindrao Suryavanshi
    Department of Commerce & Management, The New college, (Shivaji University), Maharashtra, India
    [email protected]
    Dr. Ong Lin Dar
    Department Of Business Strategy And Policy, University of Malaya, Malaysia
    [email protected]
    Dr.V.Balachandran
    Department of Corporate Secretaryship, Alagappa University,Tamil Nadu, India
    [email protected]
    Dr. Yeong Wai Chung
    Department Of Operation and Management Information, University of Malaya, Malaysia
    [email protected]
    Prof.V.V.Devi Prasad Kotni
    Department of Management Studies,GVP College for Degree & PG Courses, Andhra Pradesh, India
    [email protected]
    Dr. Quah Chee Heong
    Department of Business Strategy and Policy, University of Malaya, Malaysia
    [email protected].edu.my
    Dr.Subrata Roy
    Department of Commerce, Rabindra Mahavidyalaya, West Bengal, India
    [email protected]
    Dr. Norbani Binti Che Ha
    Department of Marketing, University of Malaya, Malaysia
    [email protected]
    Dr. Tey Lian Seng
    Department Of Business Strategy and Policy, University of Malaya,  Malaysia
    [email protected]
    Dr. Mohammad Nazri Bin Mohd Nor
    Department of Business Strategy and Policy, University of Malaya, Malaysia
    [email protected]
    Dr. Binish Qadri
    Research Scholar, Department of Economics, Central University of Kashmir, India
    [email protected]
    Dr. Khaw Lee Hwei
    Department of Finance and Banking, University of Malaya, Malaysia
    [email protected]
    Dr. V. P. Sriram
    Department of Management, Balaji Institute of International Business, Maharashtra, India
    [email protected]
    Dr. Yusniza Binti Kamarulzaman
    Department of Marketing, University of Malaya,  Malaysia
    [email protected]
    Dr. Kanagi Kanapathy
    Department of Operations and Management Information Systems, University of Malaya, Malaysia
    [email protected]
    Dr. Abd El Salam Mahmoud Abou Kahf
    Department of Commerce, Alexandria University, Egypt
    [email protected]
    Dr. Wong Sek Khin
    Department of Business Strategy and Policy, University of Malaya, Malaysia
    [email protected]
    Dr. Lee Su Teng
    Department of Business Strategy and Policy, University of Malaya, Malaysia
    [email protected]
    Dr. Phoong Seuk Wai
    Department of Operation and Management Information System, University of Malaya, Malaysia
    [email protected]
    Dr. Dennis Palkon
    College of Business, Management, Florida Atlantic University
    [email protected]

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