Examine the role of Information Technology in Stimulating the Process of Globalization. - Bzziii
Examine the role of Information Technology in stimulating the process of
globalization.
"Technology has driven the globalization process". ... Rapid improvement in technology is playing a vital role in stimulating the globalization process. Information and communication technology are the backbone of globalization. Technological devices such as cell phones, internet, telephones and microchips have contributed to globalization by exchanging ideas, capital and people to facilitate the process of globalization in a fast-paced form. With the help of internet we can find anything on single click. It has become very easy to shop online with the help of technology. Many multinational companies have their own customer service in India and using technology they provide online support to anyone across the world. Improvements in transportation technology, such as container manufacturing, have led to the rapid delivery of goods over long distances. at low cost. There have been many reforms in the transport segment which help in the export and import of goods, eases trade relations between countries, as technology improves efficiency, the process of exchange has become faster and cheaper, in information and communication technology. The growth has been most beneficial as information can now be sent across the world in seconds, developments in IT have also led to the production of services through outsourcing such as call centres, online learning etc., and telecommunications has led to the development of communication between people. Contact has been improved. People living in two different countries can easily get in touch with the lowest prices.
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