GLOBALISATION OF TECHNOLOGY

GLOBALISATION
Globalization (or Globalisation) refers to the

increasingly global relationships of culture, people, and economic activity. It is generally used to refer to economic globalization: the global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import quotas. Globalization contributes to economic growth in developed and developing countries through increased specialization and the principle of comparative advantage. The term can also refer to the transnational circulation of ideas, languages, andpopular culture.

EXAMPLES OF GLOBALISATION OF TECHNOLOGY

Biofuels technology is latest example of UCLA spurring economic growth
Biofuel is a type of fuel whose energy is derived from biological carbon fixation. Biofuels include fuels derived from biomass conversion, as well as solid biomass, liquid fuels and various biogases. Althoughfossil fuels have their origin in ancient carbon fixation, they are not considered biofuels by the generally accepted definition because they contain carbon that has been "out" of the carbon cycle for a very long time. Biofuels are gaining increased public and scientific attention, driven by factors such as oil price hikes, the need for increased energy security, concern over greenhouse gas emissions from fossil fuels, and support from government subsidies.

Biodiesel is made from vegetable oils and animal fats. Biodiesel can be

used as a fuel for vehicles in its pure form, but it is usually used as a diesel additive to reduce levels of particulates, carbon monoxide, andhydrocarbons from diesel-powered vehicles. Biodiesel is produced from oils or fats using transesterificationand is the most common biofuel in Europe.

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