The improvement of these conditions has also changed the levels of safety, reducing homicides and burglaries on dozens of countries. These phenomena have also provided the opportunity to live abroad for many people, who can experience similar conditions in more countries than some decades ago. This provides numerous opportunities for products, services, and investments in every industry. In addition, regions such as Latin America and Southern Asia are blooming. Countries are growing in financial terms. Several International organizations agree to say that the number of people below the poverty lines is decreasing.
![impacts of globalization from the past 20 years impacts of globalization from the past 20 years](https://cdn.ecipe.org/wp-content/uploads/2020/08/ECI_20_PolicyBrief_06_2020_LY04-page-003-Cópia.jpg)
Most importantly, working remotely has opened new opportunities to many around the globe.
![impacts of globalization from the past 20 years impacts of globalization from the past 20 years](https://www.caritas.org.au/media/yuhf1f5n/aftermath-of-unrest-in-the-solomon-islands.jpg)
In exchange, workers have time to spend with their families, as the 9 to 5 job is being replaced with tasks and projects. This also means no weekly schedules, less domestic taxes and labor obligations, and of course multilingual and multicultural staff. This means lower expenses for both employer and employee, little to no physical office space, and no utility bills. This tendency will grow exponentially over the following years.
#IMPACTS OF GLOBALIZATION FROM THE PAST 20 YEARS FULL#
People who work part time or full time from their homes has increased dramatically over the past decade. Being visible to worldwide potential customers or contacts makes that every company can go global by investing enough time and money on their website. Selling products to the entire world is now available at lower costs. The same principle applies to investment, crowdfunding, think tanking, and ecommerce.Īlthough transportation has not changed in 60 years, prices, times and logistics have. Some parts of our daily lives such as banking, customer service, and even education, are provided through the internet making our life somewhat easier.Ī businessperson, or entrepreneur, might have an idea that will dramatically change lives or have success one ocean away. Being able to establish live videoconferences 13000 miles away from one another, has made traveling and face to face meetings, a thing of the past.
![impacts of globalization from the past 20 years impacts of globalization from the past 20 years](https://ag.purdue.edu/indianaclimate/wp-content/uploads/2018/02/page6_globalT.jpg)
From grocery shopping to commercial transactions and everything in between. The Internet of Things (IoT) has changed every single task of our lives. Undoubtedly, communication has to be on the top of our list.