readings provide insight into the impact of technology on global business. Technological innovations such as the Internet, wireless technology, broadband, tablets, personal digital assistants (PDAs), global positional systems (GPSs), social media, videoconferencing, and others have changed the way we do global business. Then, respond to the following: Describe how changes in technology contributed to the globalization of markets. Explain how the Internet affects international business activity and the globalization of the world economy. Write your initial response in 300–500 words. Solution Technology enhances globalization. In past two decades, technology burst out like an explosion, definitely, the improvements of technology make our lives much more convenience. And, the advanced technology in microprocessors, Internet, and transportation enable the spreading out of globalization. Hill, C., (2001) stated \"Globalization has two main components: the globalization of markets and the globalization of product.\" In other words, the changing in technology would lead to an influence on globalization of markets and globalization of production. The Internet and the associated World Wide Web affects international business and the globalization of the world economy because they have made it easier for firms, large and small, to conduct international business. The Internet and the web have also made it possible for some firms to join the world economy. Before these advancements in technology, many small firms would not be able to conduct business outside of their domestic economy. And if they were, for whatever the reason may be, it would not have been with the ease and low costs that are associated with it today. This allows for globalization of the world economy because firms are able to join in to provide goods andservices that are in demand all around the world. Countries are able to outsource to other countries so that they can lower costs and improve the quality of their products. With globalization of the world economy, countries work together by intertwining their resources to create goods and services in order to better the world as a whole. Benefits of business activity are reaped by multiple countries versus one.