Question

What impacts do you see currently, or believe that you will see, in your own community as a result of globalization, outsourcing, and technological innovation? Please reply in one of the boxes below.

Answer 1

Answer and Explanation:

Globalisation, outsourcing and technological innovations all work hand in hand and have greatly impacted the world as a result.

Globalisation constitutes integration and speedy exchanges between businesses and people worldwide in such a way that they seem like one place not too far from each other( Termed global village) Globalisation in my locality for example, through the help of technological communications, small businesses are able to serve larger consumer bases by utilizing such things as freelance websites such as fiverr

Outsourcing is part of the benefits of globalisation today. It has allowed small businesses hire experts from across the world to provide services which they do not consider in-house needs. In my locality, small businesses for example are able to hire software designers on the internet such as through freelance websites to design and develop software for their business needs on a contract basis.

Technological innovations have impacted almost everything we do today. Technological innovations have spiralled and become one of the backbones of globalisation today. The greatest technological innovations which continues to drive globalisation till date remains the internet which has contributed greatly to increased communication and consequently brought about more interaction across the world.