The Role of Technology Transfer in Global Innovation

Technology is pivotal in globalisation, reshaping business operations, connecting people globally, and enhancing international collaboration across communication, transportation, e-commerce, and information dissemination.

Communication technology like the internet, telephony, and mobile devices has revolutionised global interaction, enabling seamless real-time connections across borders for businesses, individuals, and governments alike.

Transportation technology advancements have significantly reduced global trade costs and times. Containerisation and intermodal transport further streamline goods movement.

E-commerce platforms enable global market access, supported by digital payments and efficient logistics for cross-border trade.

Technology has enabled real-time tracking of goods, optimising supply chains, and reducing costs.

Digital banking, remittances, and electronic payments have facilitated global financial transactions.

The internet has democratised access to information, enabling the rapid spread of knowledge and ideas across borders.

Technology facilitates global research collaborations, accelerating scientific advancements.

Technology enables the rapid transfer of innovations and best practices between countries.