Drawbacks of Technological Advancement

Presently many individuals believe that the world iscorporations just have the upper hand when it
figuratively shrinking rather quickly on a global scale.comes to expanding their consumer base and
The progression of technology towards a greateressentially making themselves more marketable.
degree of interconnectedness is, in essence, bringingUnfortunately for smaller businesses the ability of
the world closer together. Large businesses canthese transnational companies to use technology to
basically operate much more efficiently and can reachtheir favor and capitalize on the degree of
a more extensive market via the present trendinterconnectedness that is attainable at the present
towards globalization. This time-space divergenceputs them at an inconvenience and makes it rather
does have a remarkable upside yet it is not withoutdifficult for them to succeed.
its share of problems. Many argue that the processMany places in the world simply do not have the
of globalization brought about by the progression offinancial stability with which to implement technological
technology is not truly a "global" process and one cansystems to allow for globalization. These developing
easily observe the inherent disparity.countries, in many cases, have enough trouble just
Small businesses, which lack the capital andtrying to feed their population and as such
consequently the ability to expand rapidly, oftenexperiencing the level of interconnectedness shared
suffer and meet their demise at the hands of largeramongst developed nations is out of the question.
monopolizing companies. While there are businesses inThis unfortunate situation increases the gap between
place at the present attempting to alleviate some ofthese richer and poorer nations and essentially
the stress placed of these small businesses via loanscreates this disparity, hence why many argue that
and the like, it is sometimes not enough. The largerglobalization really is not a universal concept.