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The Three Major Factors Fueling International Technological Growth

1342 words - 5 pages

The Three Major Factors Fueling International Technological Growth
According to Matthew and Kleiner (2008) the three major factors fueling international technological growth are the internet, telecommunications, and e-commerce. The internet has the capability to generate international market expansion and future international growth for firms. It has evolved into a mechanism that can be used to capture new international market opportunities. Due to transactional and communication capabilities, the internet has become an efficient and effective conduit for global trade and international market expansion (Matthew & Kleiner, 2008).
Telecommunications
The telecommunications industry is divided into four main sectors: wired, wireless, satellite, and other telecommunications establishments. The largest sector of the telecommunications industry continues to be made up of wired telecommunications carriers (Bureau of Labor Statistics, 2009). Mobile services, both economically and socially, have become very important to consumers and businesses. Many consumers now view mobile services as essential to their daily lives, particularly as a growing number of innovative services that go well beyond voice communications become available. Wireless communications expands between consumers and businesses, in addition to lowering transactions costs and other costs of doing business. In addition, mobile communications play an essential role in helping to connect different populations, especially those in isolated areas (Bureau of Labor Statistics, 2009).
E-commerce
Roos (2008) defines electronic commerce or e-commerce as buying or selling of goods and services over the internet. Electronic commerce encompasses a broad range of information sources, to include, the internet, advertising, ordering products, downloading applications, music, and the ability to file taxes on-line (Roos, 2008).
According to Nasir (2004) e-commerce is available in approximately 100 countries with over 20 million internet hosts. The global growth of e-commerce has increase unethical behavior and business practices among users and businesses. In light of the unethical behavior and practices, legal and regulatory guidance are needed to address the issues that have arisen with the use of e-commerce. Stead and Gilbert (2001) identified several corporate social responsibility issues to help address unethical practices, the call for increased on-line consumer protection, cyberspace theft, content governance, spam, and intellectual property rights (Stead & Gilbert, 2001).
CSR Issues Relating to International Technology Growth
CSR issues relating to international technology growth are legal, social and economic. There are not many effective or efficient regulations which protect these technology growths, with the exception of telecommunications. As such, businesses seize opportunities – even unethical ones, to advance their firms. Legal and ethical issues relating to the...

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