Technology has rapidly increased globalization creating a worldwide system of integration the likes of which we have never seen or experienced before in history. In the past, countries and their economies could be nearly 100% self-sufficient. But technology has now enabled ideas, products, services, people and knowledge to transfer around the world, linking economies and nations and making them both interconnected and interdependent.
The world’s population is growing at a staggering pace, which is a relatively new phenomenon. After expanding only a tiny fraction for tens of thousands of years, according to History.com, the population hit one billion in the 1700s. The following century, the number of people in the world quadrupled.