explain role of technology in stimulating globalization process
Answers
Explanation:
Role of technology in globalization:
1. There have been many improvements in transport section which helps in export and import of goods. This increases trade relations between countries.
2. Since technology improves efficiency, the process of exchange has become faster and cheaper.
3. Development in information and communications technology has been the most beneficial since information can be now sent in seconds across the world.
4. Development in IT also has led to the production of services through outsourcing like call centers, online teaching etc.
5. Telecommunications have improved contact between people. People living in two different countries can easily be in touch with minimal prices.
Role of technology in globalization: ... Since technology improves efficiency, the process of exchange has become faster and cheaper. 3. Development in information and communications technology has been the most beneficial since information can be now sent in seconds across the world.
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