Globalization was stimulated by ?a)Moneyb)Transportationc)Populationd)ComputersCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

The following factors have stimulated the globalisation process.

1.Improvement in transportation: In the last fifty years, there have been a lot of improvements in transportation technology. This has made faster delivery of goods across long distances possible, at lower costs.
2.Development in information and communication technology: Technology in the areas of telecommunication and computers has been advancing rapidly.
3.Telecommunication: Telecommunication facilities like telephone, telegraph, mobiles, fax are used to connect people in the world. This has been made possible due to satellite communication devices.
4.Internet: Internet also allows us to send instant electronic mail (e-mail) and talk (voice mail) across the world at negligible cost. Even the payment of money from one bank to another can be made through e-banking.

Answer

Faster delivery of goods across large distances at lower cost has led to stimulation of globalization. Other factors include development of information and communication technology and the internet.

Answer

Globalization was stimulated by Transportation

Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas. It has been stimulated by various factors, and one of the most significant factors is transportation.

1. Easy and Fast Movement of Goods
Transportation plays a crucial role in facilitating the movement of goods across borders. Improved transportation infrastructure, such as roads, railways, ports, and airports, has made it easier and faster to transport goods from one country to another. This has led to increased trade and economic integration between nations, fueling globalization.

2. Reduced Costs and Increased Efficiency
Efficient transportation systems have significantly reduced the costs of moving goods internationally. The advancements in containerization and logistics have made it possible to transport large quantities of goods at lower costs. This has made global trade more economically feasible and attractive, leading to the expansion of international markets.

3. Access to New Markets
Better transportation networks have opened up new markets for businesses. Improved connectivity allows companies to reach consumers in distant locations, expanding their customer base and increasing market opportunities. This has led to increased competition and innovation, driving economic growth and globalization.

4. Integration of Supply Chains
Transportation has played a vital role in the integration of supply chains across countries. Companies can now source raw materials and components from different parts of the world, assemble them in another location, and distribute the finished products globally. This has led to the fragmentation of production processes, with different stages of production taking place in different countries, creating complex global supply chains.

5. Mobility of Labor
Transportation has also facilitated the mobility of labor across borders. People can now travel easily between countries for work, education, or tourism. This has led to the flow of ideas, skills, and expertise across nations, fostering cultural exchange and driving economic development.

In conclusion, transportation has played a crucial role in stimulating globalization. Easy and fast movement of goods, reduced costs, increased access to new markets, integration of supply chains, and mobility of labor are some of the ways in which transportation has facilitated the interconnectedness and interdependence of countries in the globalized world.

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