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Social Science: Globalisation and the Indian Economy - Concept of Globalization and Factors

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

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Solution

Information and communication technology has stimulated the globalisation process in the following ways:

In the past 50 years, technology has undergone a major transformation. For example, we can speak to our friends and relatives easily and conveniently with the help of the Internet.

Restrictions on foreign brands have been removed so that these brands can venture into the Indian markets.

Online shopping has become a trend. It is a one stop shop for all the products that we require.

Concept: Concept of Globalization and Factors
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