Question

Transportation technology and information and communication technology have stimulated the globalization process. Explain with suitable examples.

Answer 1

THE IMPROVEMENT IN TRANSPORTATION AND INFORMATION TECHNOLOGY HAVE STIMULATED THE GLOBALIZATION BECAUSE

1. IT HAS MADE THE TRANSFER OF GOODS TO DIFFERENT COUNTRIES MORE EASILY
2. REQUIRES VERY LESS AMOUNT OF CAPITAL (MONEY)TO TRANSFER THE GOODS
3. IT HAS MADE GOOD AND EASY COMMUNICATION WITH THE COUNTRIES TO PLACE AN ORDER

Answer 2

Transportation and information technology

Explanation:

Improvement in transportation and information technology has stimulated the globalization process as follows:

1. Vast improvements in transportation has increased the speed at which goods can be transported globally. Also transportation can now be done to any corner of the world by land, air and sea.
2. Transport of raw materials and finished goods is now done on a timely and cheaper manner.
3. Development in IT and telecommunications has made information exchange possible within seconds to any part of the world, thus improving connections between people in various parts of the world.
4. Transfer of money can be done efficiently between any countries due to the modern technology and banking services.
5. Backoffice assistance is available at a cheaper cost from various countries that have dedicated work force for this purpose.