At present, many people believe that the world is narrowing figuratively quite quickly on a global scale. The progression of technology towards a greater degree of interconnection is, essentially, to bring the world closer together. Large companies can essentially work much more efficiently and can reach a larger market via the current trend towards globalization. This divergence of the space of time has a remarkable advance but it is not without its share of problems. Many argue that the process of globalization caused by the progression of technology is not really a “global” process and we can easily observe the inherent disparity.
Small businesses, which are lacking in capital and, as a result, the ability to grow rapidly, often suffer from the disappearance and their disappearance of the hands of large monopolizing companies. Although there are companies in the present attempt to mitigate some of the stress of these small businesses via loans and the like, it is sometimes not enough. The largest companies simply have a hand to expand their consumption base and make it essentially more marketable. Unfortunately, for small businesses, the ability of these transnational companies to use technology in their favor and capitalize on the degree of interconnection that is feasible in the present puts them on a disadvantage and makes it fairly difficult to succeed.
Many places in the world simply do not have financial stability to implement technological systems to enable globalization. In many cases, these developing countries have enough difficulty trying to feed their population and, as such, experience the level of interconnection shared among developed countries, is out of the question. This unfortunate situation increases the gap between these richer and poorest nations and essentially creates this disparity, why many affirm that globalization is really not a universal concept.
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