Question

How did information and communication technology promote the process of Globalization? Explain.

Hint:

ICT serves as a backbone for globalization by connecting people, businesses, and markets worldwide, leading to the exchange of goods, services, and information.

Answer 1

Information and communication technology (ICT) has played a key role in promoting globalization in several ways:
- Facilitating global communication: The development of the internet, mobile phones, and email has significantly reduced the barriers to communication, enabling people across the world to communicate instantly. This has allowed businesses to operate globally and for individuals to connect across borders.
- E-commerce and online services: ICT has enabled the growth of e-commerce platforms, allowing companies to sell their products worldwide. Services like online banking, education, and telemedicine have also flourished due to ICT, leading to economic and cultural exchanges.
- Enhancing global trade and commerce: Global supply chains, international trade, and digital marketing have been made possible through the use of ICT. This has enhanced the efficiency of global business, helping countries to participate in international markets more effectively.
- Access to information: Global access to news, research, and data has allowed countries to innovate and improve their industries based on the latest technological advancements.