Irah L.

Concepcion BSOA 2B

Science and Technology

The recent trend on globalizations are changes in manufacturing and labor markets,
significant technological advancements, and climate change are all factors to consider.
Globalization has been greatly assisted by technological advancements. In fact, one of
the key forces propelling globalization has been technological innovation. Due to the
extensive usage of digital technologies, the globe is more connected than ever in terms
of social globalization. While the current tendency is unlikely to stop globalization
entirely, it can be partially reversed. Technological improvements lower the costs of
transportation and making global acquirement of raw materials. In recent years, we've
all paid a lot of attention to technology and, increasingly, innovation, and their roles in
wealth creation and greater national well-being.

The global village has emerged as a result of information technology. The internet, for
example, has lowered the barriers of time and place in economic transactions.
Investments are also affected by technological progress. High-tech manufacturing was
exclusive to wealthy countries with high pay. Now, technology may readily be
transferred to underdeveloped countries, allowing high-tech industry to coexist with
cheap salaries. Many companies in developed countries are now outsourcing labor-
intensive services to underdeveloped countries.

Because technological advancement is inherently a global activity, global consistency

and predictability in intellectual property protection are critical. However, we are
currently in this predicament as we strive to do research and move technologies around
the world. However, I believe that as people become more aware of the importance of
innovation and fair trade, we will be able to take the global approach to effective
intellectual property protection that is required.

Why are intellectual property systems becoming more important? Clearly, this is due to
the increasing importance of information, particularly technical knowledge, in modern
economic life. I don't think I need to tell you or show you anything to prove that.
However, the implications for business and governments are shifting.

Intellectual property, according to conventional business knowledge, is critical because

it stimulates innovation, serves as a vehicle for technological transfers, and attracts
funding. I'd take it a step farther. A country's economic infrastructure relies heavily on its
intellectual property system. It improves a country's ability to strengthen and advance its
technological foundation over time. It aids in the development of human resources.
When allocating financial resources, it establishes priorities. It promotes the exchange
of technological information across national borders.

Climate change is one of the most critical ecological concerns nowadays, according to
trends. Scientists have been researching how surface temperatures have changed.
Every year, there are some days with unusually high temperatures and unusually low
temperatures. Despite the fact that some days are hotter and others are cooler than
normal, the temperature is rising year after year. This is a trend, or a long-term
tendency of rising temperatures in the case of global warming. Skeptics of climate
change will argue that there are still chilly days, implying that global warming is not
occurring. However, when we look at the scientific evidence, we can observe that the
world temperature is rising in general.

Governments are restrained by globalization because it increases budgetary pressure.

As a result, governments' spending priorities have shifted. Transfers and subsidies are
preferred above capital investments. Citizens' preferences to be rewarded for the
dangers of globalization may exacerbate this expenditure shift.