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Which of the statements are true about the causes of globalisation?
- a)Technology is an important cause of globalisation.
- b)Globalisation is caused by a particular community of people.
- c)Globalisation originated in the US.
- d)Economic interdependence alone causes globalisation.
Correct answer is option 'A'. Can you explain this answer?
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Which of the statements are true about the causes of globalisation?a)T...
Technology as a Cause of Globalisation
Globalisation refers to the process of the world becoming more interconnected and interdependent. There are several causes of globalisation, but one of the most significant is technology. The following points explain how technology is an important cause of globalisation:
1. Communication Technology: Communication technology has enabled people to communicate with each other across the world. This has made it easier for businesses to operate globally, as they can communicate with their partners, suppliers, and customers in real-time, regardless of their location. The internet and social media, for instance, have facilitated the creation of global communities that share similar interests and values.
2. Transportation Technology: Transportation technology has also played a crucial role in globalisation. The ability to move goods and people quickly and efficiently has led to the development of global supply chains, where products are manufactured in one country and sold in another. This has led to increased trade and economic interdependence between countries.
3. Production Technology: Production technology has enabled companies to produce goods and services at a lower cost and with greater efficiency. This has led to the relocation of manufacturing and service jobs to countries with lower labour costs, such as China and India. This has also led to increased competition between companies globally, as they strive to produce goods and services more efficiently and effectively.
In conclusion, technology is a crucial cause of globalisation, as it has enabled people, goods, and services to move across borders quickly and efficiently. As technology continues to advance, we can expect globalisation to become even more interconnected and interdependent.
Globalisation refers to the process of the world becoming more interconnected and interdependent. There are several causes of globalisation, but one of the most significant is technology. The following points explain how technology is an important cause of globalisation:
1. Communication Technology: Communication technology has enabled people to communicate with each other across the world. This has made it easier for businesses to operate globally, as they can communicate with their partners, suppliers, and customers in real-time, regardless of their location. The internet and social media, for instance, have facilitated the creation of global communities that share similar interests and values.
2. Transportation Technology: Transportation technology has also played a crucial role in globalisation. The ability to move goods and people quickly and efficiently has led to the development of global supply chains, where products are manufactured in one country and sold in another. This has led to increased trade and economic interdependence between countries.
3. Production Technology: Production technology has enabled companies to produce goods and services at a lower cost and with greater efficiency. This has led to the relocation of manufacturing and service jobs to countries with lower labour costs, such as China and India. This has also led to increased competition between companies globally, as they strive to produce goods and services more efficiently and effectively.
In conclusion, technology is a crucial cause of globalisation, as it has enabled people, goods, and services to move across borders quickly and efficiently. As technology continues to advance, we can expect globalisation to become even more interconnected and interdependent.
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Which of the statements are true about the causes of globalisation?a)T...
Technology is the vital force in the modern form of business globalization. Technology has revolutionized the global economy and has become critical competitive strategy. It has globalized the world, which drive all the countries to more ethical standards.
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Which of the statements are true about the causes of globalisation?a)Technology is an important cause of globalisation.b)Globalisation is caused by a particular community of people.c)Globalisation originated in the US.d)Economic interdependence alone causes globalisation.Correct answer is option 'A'. Can you explain this answer?
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