Describe the role of technology in promoting globalisation process

Globalisation & Indian Economy (C10)

Describe the role of technology in promoting globalisation process.

Answer

Technology

Rapid improvement in technology has stimulated the globalisation process.

  1. This has made much faster delivery of goods across long distances possible at lower costs.

  2. Even more remarkable have been the developments in information and communication technology.

  3. Technology in the areas of telecommunications, computers, Internet has been changing rapidly.

  4. Telecommunication facilities (telegraph, telephone including mobile phones, fax) are used to contact one another around the world, to access information instantly, and to communicate from remote areas.

  5. This has been facilitated by satellite communication devices.