how has Technology enabled globalisation explain with examples
Answers
1)Development in transport system as well communication helped in saving time by transporting there material as well as giving service to consumer.
2)Due to improvement in technology production of material increased.
3)WTO has helped in restricted countries from trade barriers so that MNCS can set up there business.
4)there are more that 10 branches of MNCS in one single country it is because of technological Improvement. in this way technology enabled globalisation
The factors which have enabled globalisation 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 huge reduction in cost and 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. 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 liberalisaHon, ha enabled goods and services to be exported and imported easily.
Multinationals lave been allowed to set-up factories and offices in India. Due to this, there is greater integration of poduction and markets across countries.