What Are Some of the Non-IT and Non-Communications Technological Advances

question 3

Essay

What are some of the non-IT and non-communications technological advances that are driving globalization?

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Definitions:

Payment Stream

A sequence of payments made over a period of time as per the terms of a financial agreement.

Payable Today

The total amount that is due and needs to be paid immediately or on the current date.

Short-Term Interest Rate

The interest rate charged on loans or realized on investments over a short period, typically less than a year.

Surplus Funds

Additional money or assets available after all expenses have been accounted for, often used for investment or saving.