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A few hours later, the NYSE's chief executive, John Thain, confronted a different, but more certain, threat to the 212-year-old exchange: technological obsolescence.As Mr Thain acknowledged, large institutions have become increasingly critical of the exchange.
The interaction among the three sub-dynamics of economic exchange, technological innovation, and institutional control can be captured with a generalized Triple Helix model.
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BERLIN — Chancellor Angela Merkel of Germany and President Nursultan Nazarbayev of Kazakhstan agreed on Wednesday to a strategic partnership that guarantees German companies the right to search for and mine rare earths and other raw materials in Kazakhstan in exchange for technological and other investments.
The development of global value chains leads to interdependencies between firms in widely diverse countries, which often require the exchange of technological knowledge.
Second, the exchange of technological information between engineers of competing firms is recognized as an important source of R&D spillovers (Severinov 2001).
To better facilitate the increased needs for effective information exchange, continuing technological advances in wireless and wired communications and the development of online social networks have given rise to "generalized" network systems.
The shift in exchange of technological advancements was another reason for modern globalization.
Distressed by most historians' overwhelming preoccupation with the modern world, an unusual coalition of scholars is trying to stage an intellectual coup, urging their colleagues to look up from the relatively recent swirl of bloody conflicts, global financial exchanges and technological wonders and gaze further back, toward humanity's origins.
Aside from the population, geographically, the UAE is also situated in a very central position for both cultural and technological exchange.
In 1974, West Germany and Japan signed an intergovernmental agreement on cooperation in science and technology, re-intensifying joint scientific endeavours and technological exchange.
The transition from proto-globalization to modern globalization was marked with a more complex global network based on both capitalistic and technological exchange; however, it led to a significant collapse in cultural exchange.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com