“Improvement in technology has stimulated the globalisation process.” Explain the statement with examples.
Solution and Explanation
Technological advancements have accelerated globalization in the following ways:
• Improved Communication: Technologies like the Internet and mobile phones enable instant global communication.
• Efficient Transportation: Faster modes of transport, such as cargo ships and airplanes, facilitate trade and movement.
• Automation in Manufacturing: Automation has reduced costs and made products available worldwide. For example, cars produced in Japan are exported globally.
• E-Commerce: Platforms like Amazon and Alibaba allow businesses to sell products internationally.
• Global Connectivity: Social media platforms connect people, spreading cultures and ideas globally.
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