explain transportation technology as a factor that has enabled globalisation
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Explanation:
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The factors which have enabled globalization in India are :
(i) During the past, 50 years, several improvements in technology have taken place. For example, in transportation technology, containers are now used for the transportation of goods. This has led to a huge reduction in cost and an increase in speed in reaching the markets.
(ii) Telecommunication facilities are used to contact one another around the world and to communicate from remote areas. The Internet enables us to send instant electronic mail and talk across the world at negligible costs.
(iii) The Government of India has removed barriers or restrictions to trade set earlier. This step, called liberalization, has enabled goods and services to be exported and imported easily.
(iv) Multinationals have been allowed to set-up factories and offices in India. Due to this, there is greater integration of production and markets across countries.
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