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Globalization is now largely based on strong technological foundation. The electronic transfer of information via the internet has now created an instantaneous and interconnected world of information resulting in a 24-hour trading network. Technology has quickened the pace of globalization and modern business because today we can easily communicate with anybody of any far off place of the world by using technological support.

On the other hand, this modern technology has largely changed banking and financial activities. Worldwide money transfer and transaction of businesses have now become a matter of clicking the mouse of a computer .Five out of every six dollars that move in the world economy today travel through the electronic medium. Some products like software and TV programmes are also amenable to digital or electronic transmission. We can now buy and sell goods through the electronic serene. Computers have thus brought about a revolutionary in today’s world. Globalization is now only what te4chnology makes possible.

Bad effect of technology

  •     For this technological advancement, the value of manpower will be decreased. For example. Now the banks are taking less manpower. Finally, unemployment problem will be created.

  •      For this technological advancement, Crimes are committed very stealthily. For example, if any criminal wants to transfer anybody’s money and wants to give this, he can do it very easily and stealthily by using technology. ( so we should be aware)

  •  If anytime there is technological fault in computer, misunderstanding will be created among people. Sometime it happens.

  •   Now there is a sphere of using automatic machinery technology throughout the world. It can threaten the working people by making them unemployed.


Whatever, modern technology has Good and bat both sides. We try to take good side of technology. Because nowadays we do not increase our business without technology. Actually, we can now mix with the people easily and quickly. Now the world seems to be very small because of the advancement of technology.