how has the technology helped in enabling globalization?Explain.
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HEY MATE HERE IS YOUR ANSWER--
Q) HOW HAS TECHNOLOGY HELPED IN ENABLING GLOBALIZATION?
1)Unlike conventional information sharing, now information is not limited to one place in a physical copy. Everyone has access to Wikipedia. And in today's world, knowledge is the biggest asset. And IT thus provides a level playing field for all.
2)Communication between countries, groups, communities, etc make them intertwined and interdependent.
3)It created a big single uniform market throughout the globe. Since it's a virtual market and everyone can access it. Hence exports and imports are hugely influenced since it makes demand and supply meet.
4)Employees and employers in this field can be large distance apart, and resulting international services helps in bringing parity to the wages across nations. The gap fills faster than it would otherwise have. Eg. India, here IT industry exports to developed countries and wages gap has been shrinking.
5)Distance does not matter. Better people to people connectivity and better exposure helps in human capital formation.
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Q) HOW HAS TECHNOLOGY HELPED IN ENABLING GLOBALIZATION?
1)Unlike conventional information sharing, now information is not limited to one place in a physical copy. Everyone has access to Wikipedia. And in today's world, knowledge is the biggest asset. And IT thus provides a level playing field for all.
2)Communication between countries, groups, communities, etc make them intertwined and interdependent.
3)It created a big single uniform market throughout the globe. Since it's a virtual market and everyone can access it. Hence exports and imports are hugely influenced since it makes demand and supply meet.
4)Employees and employers in this field can be large distance apart, and resulting international services helps in bringing parity to the wages across nations. The gap fills faster than it would otherwise have. Eg. India, here IT industry exports to developed countries and wages gap has been shrinking.
5)Distance does not matter. Better people to people connectivity and better exposure helps in human capital formation.
KEEP CALM
AND
SUPPORT
MATE'S
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Answered by
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Unlike conventional information sharing, now information is not limited to one place in a physical copy. Everyone has access to Wikipedia. And in today's world, knowledge is the biggest asset. And IT thus provides a level playing field for all.
Communication between countries, groups, communities, etc make them intertwined and interdependent.
It created a big single uniform market throughout the globe. Since it's a virtual market and everyone can access it. Hence exports and imports are hugely influenced since it makes demand and supply meet.
Communication between countries, groups, communities, etc make them intertwined and interdependent.
It created a big single uniform market throughout the globe. Since it's a virtual market and everyone can access it. Hence exports and imports are hugely influenced since it makes demand and supply meet.
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