How Does Technological Progress Contribute to Globalization? Give Examples

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The Answer is Technological progress has played a significant role in contributing to globalization in several ways. Firstly, advancements in communication technology such as the internet, mobile phones, and social media have made it easier for people to connect and communicate across the globe. This has facilitated the exchange of ideas, information, and culture, leading to a more interconnected world.

Additionally, technological progress has also made it easier for businesses to operate on a global scale. For example, the development of transportation technology has made it more cost-effective and efficient to move goods and people across borders. This has led to an increase in international trade and investment, further integrating economies around the world.

Furthermore, technological advancements in areas such as automation, artificial intelligence, and robotics have transformed industries and production processes, leading to the creation of global supply chains. This has allowed companies to source materials and components from different countries, leading to increased economic interdependence and globalization.

Overall, technological progress has been a driving force behind globalization, breaking down barriers and connecting people, businesses, and economies across the world.

How Does Technological Progress Contribute to Globalization? Give Examples

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How Does Technological Progress Contribute to Globalization? Give Examples

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Correct Answer:
Answered by ExamLex AI