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Explain how technology has promoted the globalisation process. - Economic Applications

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Question

Explain how technology has promoted the globalisation process.

Explain
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Solution

  1. Faster, cheaper transport, which provides quicker movement of goods and people across long distances.
  2. Advances in information & telecommunication (computers, internet, mobile phones, fax) have instant global contact and access to information.
  3. Information and communications technologies (ICT) enable dispersed production and services (e.g., printing for one country in another), lowering location barriers and promoting outsourcing and global supply chains.
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Chapter 13: Globalisation - QUESTIONS [Page 182]

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J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 13 Globalisation
QUESTIONS | Q 1. | Page 182
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