"Advancement in technology has stimulated the globalization process." Justify the statement with suitable arguments.
✅ Answer & Solution
Technology has stimulated globalisation in the following ways :
1. Transportation technology - Rapid improvement in transportation technology has made much faster delivery of goods across long distances possible at lower costs. Containers and larger cargo ships and aircraft have revolutionised the carriage of goods.
2. Information and communication technology (IT) - Telecommunication facilities such as telephone, mobile phone and fax are used to contact one another around the world, to access information instantly and to communicate from remote areas. This has been made possible by satellite communication devices.
3. The internet - The internet allows us to obtain and share information on almost anything, and to send instant electronic mail (e-mail) and talk across the world at negligible costs.
4. Services across borders - Because of IT, services such as data entry, accounting, administrative tasks, engineering design and call centres are now outsourced from developed countries to India at a fraction of the cost.
Conclusion : Faster transport and instant communication have connected producers, consumers and markets across countries, which is the essence of globalisation.
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