INTB module 1 add

Globalization

is a great phenomenon. It has influenced the lives of people and the way business is conducted. People of the current generations live the life of global citizens. They were influenced by how other people in other parts of the world live. People emulate fashion

protectionist policy

The dominant policy of most countries of the world after the war. The aim of the ____________policy is to favor domestic industry

technology

was the force that made the globalization of markets and production a tangible reality according to Hill (2011).

Telecommunications

creates a global audience and transportation creates a global village.

microprocessor

is an electronic component which is a chip found in a computer. It is the Central Processing Unit (CPU) of the computer which functions as the brain. This chip performs a variety of tasks coming from input and output devices as well as the software of the computer (Miller

Satellite

refers to a machine that is launched into space and moves around Earth or another body in space".

internet

in a simple context is a large computer network where one computer network is connected to other computer networks. Hence the term is said to be a "network of networks"(Miller

World Wide Web

is a simplified information dissemination platform used for information sharing on the internet. The proliferation of information was also disseminated through the provision of free Uniform Resource Locator (URL) and hypertext to the general public (Giandomenico

containerization

revolutionized the transportation business.