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What is the role of technology in globalization? Explain several ways that the Internet has increased the pace of globalization and several ways that it has decreased the pace of globalization.
Economics:
Economics:
What is the role of technology in globalization? Explain several ways that the Internet has increased the pace of globalization and several ways that it has decreased the pace of globalization.
To explain:
The role of technology and the ways by which pace of globalization increased and decreased through the internet.
Explanation of Solution
Technology and information have encouraged globalization development rapidly. The evolution of internet has changed the face of globalization. Connecting with each other to any part of the globe has become easier through the internet. It has also become a great source of information.
Technology, mobile phones, computer, and the internet has been altered swiftly in current years. This has allowed individuals to connect from anywhere on the globe to anywhere instantly. The Internet has enabled the public to get hold of information on any topic. There is rapid development in transport technology.
These have decreased their operations costs profiting the consumers. Social media is also responsible for a new form of communication through the internet. This has increased the pace of globalization...
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