How information technology is encouraging the globalisation?
Answers
Answer:
Patented technology encourages globalization as the firm owning the patent can exploit foreign markets without much competition. Information technology has led to the emergence of the global village. For example, the world wide web has reduced the barriers of time and place in business dealings.
How information technology is encouraging the globalisation?
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→As We know, Globalisation is A Process of Rapid Integration or Inter-Connection between Countries.
→This is Due to MNC's[MULTI National Corporation] as MNC's Assemble Its Products in other Country, sells it in other Countries and Even Keeps The Customer-Service/Call Centers in other countries which allow them to Earn alot of profit by saving 50-60% by doing the above method.
→In This IT[information Technology helps in many ways like, Providing and Storing a lot of Information as in Wikipedia, Communication between countries Have been made more easy, In India The IT industry exports to Developed Countries.