Question

Technology has stimulated the globalization process... support this statement with examples

Answer 1

Answer:

Rapid advancement in technology has existed as one main aspect that has enabled the globalization process.

Explanation:

Technology has stimulated the globalization process are as follows:

(i) Technology has created vastly faster delivery of goods across elongate distances possible at more inferior prices.

(ii) It has allowed us to get to one another around the world, access data immediately, and convey it from remote areas.

(iii) Internet has authorized the transmission of instant electronic mail and discussion across the world at insignificant costs.

For example:

A news journal issued for London readers is to be created and published in Delhi. The following journal is transmitted through the internet to the Delhi office. The developers in the Delhi office get commands on how to develop the journal from the office in London utilizing telecommunication skills. The design exists accomplished on a computer. After publishing, the journals are sent by air to London. Even the amount of cash for creating and publishing from a bank in London to a bank in Delhi exists accomplished instantly through the Internet.

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Answer 2

Technology has greatly boosted globalisation in terms of greater innovation, easier transportation of goods, and reduced labour and  production costs.

• Greater innovation-  Technology like emails and messaging apps and now virtual meeting apps like Z0om have made it very convenient to collaborate with team mates and business partners across the world. With more ideas flowing in, the rate of innovation has increased, resulting in better goods and services. For example, well known IT companies like Crossover for Work remotely employ people from different parts of the world.
• Easier transportation of goods- With many processes being automated because of technology, it is easier to ship goods to other parts of the world. No one needs to manually go and deliver consignments. Everything can be tracked online. For example, dates produced in the Arab nations are transported to markets in India too.
• Reduced labour and production costs- Technology has helped manufacturers compare prices of raw materials available worldwide and then choose a supplier. It has also made financial transactions very convenient. As a result, a company in one part of the world can source raw material from another nation, or even choose to set up a manufacturing unit in another country with low labour costs. This applies to many known clothing brands like Gap, which have clothing manufactured in India and Bangladesh.

Today the world has become a ‘global village’. Technology has helped us overcome geographical distances and make globalisation an integral part of our lives in very subtle ways.

More on globalisation:

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