what is the role of technology in the process of globalisation
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The spread of information technology has made production networks cheaper and easier, all made possible because of digital networks like the Internet that is cost effective. This has been one of the fundamental economic globalization factors that have helped overcome the friction of distance and time.
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Technology is the vital force in the modern form of business globalization. Technology has revolutionized the global economy and has become critical competitive strategy. ... The technological advancement has helped a lot in creation and growth of global market.
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