The Impact Of Technological Revolution On North Carolina...

Globalization is not a new phenomenon. However, if the average person on the streets was asked about globalization, the overwhelming response would be connected to newer technologies such as the Internet, tablets, or cell phones. This response is due to the rapid expansion of the globalization concept occurring during the technological revolution. The technological revolution is credited for enhancing the U.S. and global economies. While this is true, the effects of the technological revolution varied around the U.S. This paper will focus on the technological revolution effects on North Carolina’s economy. The technological revolution spanned many decades, but for the scope of this paper will be limited to the 1990s through the early 2000s. Prior to the 1990s, the U.S. technology market was dominated by foreign products. Conversely, several blue-collar industries, including the furniture industry, were thriving on U.S. made goods. The foreign technology market domina nce shifted in the 1990s. The creation of several U.S. technology and dot-com companies swayed the technology market to the U.S., but this shift did not benefit the blue-collar industries. The technology boom changed the course of globalization. In the 1990s, several dot-com companies such as Yahoo!, Google, and eBay were established, while other U.S. technology companies such as Apple, Oracle, and Netscape began to expand. The immediate results became apparent as the stock market skyrocketed.Show MoreRelatedUS Senate Case Study1693 Words   |  7 PagesCalled to confront a massive technological debate in the United States in the modern day, the US Senate will discuss the possible impacts and effects of automation in the workforce and vote on a resolution. The Senate committee will replicate parliamentary procedure and will be based off the current United States Senate. 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