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Question
Analyze the contribution of fast transport in globalization.
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Solution
Technological advancements have stimulated the process of globalization in the following manner:
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Technological advancements have helped in expanding the production of goods and services and encouraged greater trade among the nation-states.
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It also contributed to the growth of railways, ships, airways, and further innovations for easier transportation of goods and mobility of people.
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Fast transport systems have reduced the time and cost of carrying goods and people over long distances. This has enabled businesses to access global markets quickly and encouraged tourism and cultural exchange.
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