Question

Would globalisation have been possible without expansion of IT?

Answer 1

No, globalisation would not have been possible at such a rapid and massive scale without the expansion of information technology.

1. Communication Blackout: Without the internet, emails, and satellite communication, multinational corporations (MNCs) would have to submit plans, designs, and decisions by postal mail for weeks. This would make managing factories across different countries impractical.
2. Collapse of Global Services (Outsourcing): The entire global service industry such as contact centers, software engineering, and back-office operations in India serving clients in the United States or United Kingdom exists solely because information technology enables data to be transferred immediately across borders.
3. Frozen Financial Flows: Modern trade depends on sending billions of dollars around the world in seconds. Without e-banking, digital payment gateways, and electronic financial transfers, worldwide business transactions would come to a halt.
4. Blind Supply Chains: Modern trade depends on sending billions of dollars around the world in seconds. Without e-banking, digital payment gateways, and electronic financial transfers, worldwide business transactions would come to a halt.