The role of technology in global economic integration

Abstract

The publication explores the impact of technology on economic globalization, highlighting both its transformative potential and the challenges it presents. It examines how digital advancements – such as the internet, cloud computing, and artificial intelligence – have facilitated global trade, enhanced productivity, and expanded market accessibility. While these innovations drive economic integration, they also contribute to income inequality, job displacement, and concerns over data security and corporate monopolization. Additionally, emerging trends like the sharing and subscription economies are redefining traditional business models. The publication emphasizes the need for regulatory frameworks, digital literacy initiatives, and strategic investments to ensure that technological globalization fosters inclusive and sustainable economic growth.