Question

How has technology stimulated the globalisation process? Explain with examples.

Hint:

Think of technology as the "engine" that drives globalization, connecting markets, people, and ideas across the globe quickly and efficiently.

Answer 1

Technology has been one of the most important driving forces behind the process of globalization. It has connected people, businesses, and countries like never before, making the world a global village.
1. Advances in Communication:
- The development of the internet, mobile phones, and satellite communications has drastically reduced the time and cost required to communicate across countries. - For example, companies can now coordinate operations in different parts of the world instantly through emails, video conferencing, and other digital platforms.
2. Improvement in Transportation:
- Modern transportation technologies such as container shipping, high-speed trains, and air travel have facilitated faster and cheaper movement of goods and people. - For instance, containerization has revolutionized global trade by enabling goods to be shipped efficiently worldwide.
3. Growth of E-commerce and Digital Platforms:
- Technology has enabled the growth of online marketplaces like Amazon and Alibaba, which connect buyers and sellers globally. - Digital payment systems such as PayPal and mobile wallets have simplified cross-border transactions.
4. Access to Information:
- Technology provides instant access to information about global markets, trends, and opportunities. - This helps businesses and individuals make informed decisions and participate actively in the global economy.
5. Outsourcing and Remote Work:
- With advanced IT infrastructure, companies outsource tasks like software development, customer support, and manufacturing to other countries where labor is cheaper. - Remote work has become possible worldwide, especially highlighted during the COVID-19 pandemic.
Conclusion:
Technology bridges geographical distances and cultural barriers, enabling economic integration and cultural exchange. It has been the backbone of globalization by facilitating trade, communication, and cooperation at an unprecedented scale.