information and communication technology has played a major role in spreading out production of services across countries . analyse the statement with suitable examples
Answers
Information and communication technology has played a major role in spreading out production and services because
Through IT the companies are able to communicate with each other
MNCs are able to ask for the services
the distance between the companies may be far but due to IT they work close to each other
example; An london magazine company uses IT to produce their their magazines in India for a cheap rate. The designs and content is told by the magazine company of london. And magazines is produced in India and sold in london
Rapid improvement in technology has been one major factor that has stimulated the
Globalization process.
The past fifty years have seen several improvements in transportation technology.
This has made much faster delivery of goods across long distances possible at lower
costs.
Technology in the areas of telecommunications, computers, Internet has been
changing rapidly. Telecommunication facilities (telegraph, telephone including
mobile phones, fax) are used to contact one another around the world, to access
information instantly, and to communicate from remote areas.
Containers have led to huge reduction in port handling costs and increased the
speed with which exports can reach markets.
The cost of air transport has fallen. This has enabled much greater volumes of goods
being transported by airlines. Example : add Using IT in Globalization