The result of cheap computer technology in a global economy is slow economic growth because individuals trading such products rarely pay taxes to states.
Accelerates technology; the words you just typed on your computer are the result of war.
Technology standards
The substitution of labor with technology in the economy can lead to increased productivity and efficiency, but it can also result in job displacement and income inequality. Overall, it can have both positive and negative effects on the economy, depending on how it is managed and the policies in place to address its consequences.
What is a result of global trade
The slippage in the economy in the 1920 in United States was as a result of better machines for production. There was advancement in media technology as well which played an integral role in the spillage.
Global connections have improved due to advancements in technology, such as the internet and social media, which have made communication and information sharing faster and easier. Additionally, increased international trade and travel have also contributed to stronger global connections.
The Four Modernizations, initiated by Deng Xiaoping in the late 1970s, significantly transformed China's economy by focusing on advancements in agriculture, industry, defense, and science and technology. These reforms shifted China from a centrally planned economy to a more market-oriented system, encouraging foreign investment and private ownership. As a result, China's GDP experienced rapid growth, lifting millions out of poverty and positioning the country as a major global economic power. This transition also facilitated increased technological innovation and integration into the global economy.
colonization, global trade, and the rise of the internet and technology. English became a global lingua franca due to the influence of British colonialism, the economic power of English-speaking countries in global trade, and the dominance of English in the digital age.
There were many effect of World War I on the global economy, and some of the most significant were: the decline of power of the old colonial world powers and the start of the shift of world power to North America. Creation of grudges between some of participants that would later result in World War II. A drain on economic resources that would later result in the Great Depression.
Computer memory has well improved over the ages, as a result of all the new technology that is being made everyday. Computer memory has been improved by smaller size and faster processing of memory.
Overpopulation, Unemployment problem and Political Problems can result from the global movement of people.
The development of a worldwide culture with an interdependent economy refers to the increasing interconnectedness of nations through globalization, where cultural exchanges and economic relationships transcend borders. This phenomenon is characterized by the spread of ideas, values, and consumer habits, leading to shared cultural practices and norms. Simultaneously, economies become interlinked through trade, investment, and technology, creating a global marketplace that fosters cooperation and competition. As a result, local cultures may adapt or blend with global influences, shaping a more integrated world society.