Question

how has information and communication technology stimulated globalization process?explain with examples.

Answer 1

Rapid improvement in technology has been playing a key role in encouraging the globalization process:-

(i)Improvements in transportation technology, e.g. container manufacturing has made faster delivery of goods across long distances at lower costs.

(ii)There have been rapid developments in information and communication technology, e.g. computer, internet, etc. They have made easy access to any person or place around the world.

Thus, it can be said that technology has stimulated the globalisation process.

Answer 2

Answer:

The answer to the question "how has information and communication technology stimulated the globalization process" is, it brought the world closer and created an environment for the easy flow of goods, services, population, money and ideas.

Explanation:

The growing interdependence of the world's economies, cultures, and populations can be called Globalisation. This interdependence is caused through the exchange of goods and services, human capital, ideas and economic capital. In modern times information and communication technology play a vital role in this process. Modern information and communication technology includes the internet, telecommunication, satellite communication and other facilities. These further brought together the entire world and minimised the virtual distance between countries. These facilities also made it possible to access information regarding any part of the world. This information and access to any part of the world made it possible for a much greater and easy flow of population, ideas, goods and services and money. This increased interconnectedness is an impact of modern communication and information technology.

Example:

The Internet made it possible for anybody to apply for a job in any part of the world. And the migration of people for that job would create a flow of Human capital initially and an economic capital flow later.

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