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TECHNOLOGICAL CHANGES IN THE GLOBAL ECONOMY

TECHNOLOGICAL CHANGES IN THE GLOBAL ECONOMY. PRESENTED BY: Alok Gupta. INTRODUCTION.

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TECHNOLOGICAL CHANGES IN THE GLOBAL ECONOMY

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  1. TECHNOLOGICAL CHANGES IN THE GLOBAL ECONOMY PRESENTED BY: Alok Gupta

  2. INTRODUCTION Technological changes in the global economy led to the improvement such as in the use of machinery and information technology which allow long run growth to proceed by restructuring and saving scare resources such as labor and energy .

  3. TECHNOLOGICAL CHANGE-Technological change is a term that is used in economics to describe a change in the set of feasible production possibilities.

  4. CHANGES IN THE Technolgy • Technological change in eduation. • In-migration employers preferences. • In Financial Accouting. • ERP Software. • Changes in automobiles. • Change in resources for more usefull output. • E- Commerce. • In Medical Science.

  5. Impact of technological Change and Globalization on Economy • Rationalized Manufacturing • Global Products • World-wide Purchasing • Economies of Scale • Integrated Customer Service • Risk Management

  6. Annual average growth rates of 10 fastest growing economies 1985-2003 (World Bank, 2008)

  7. Locating a new firm in Global economy JSW energy • Accpet price of market • Social responsbility • Market enviroment • Company policy • Use advance technology

  8. THANKYOU

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