How is technology a major factor that has stimulated globalization?

Answer 1

Technology is the foundation of globalization. Without the participation of technology, this process would not be possible. Technological advances made ​​it possible contacts between people living in different parts of the world. Modern tools of communication and transport allow companies to conduct business not only locally but also globally.

Answer 2

Technology a major factor that has stimulated globalization because it has contributed to improved communication. Efficient communication among people from all parts of the world is the foundation of globalization.

Answer 3

Globalization is the sole reason why the internet has expanded to the vast IP traffic that it is today. Without it, servers would have been less-accessed, there would have been less transfer of important data and information. It improves the internet vastly. Wikipedia for example, a common informal site many use to collect various forms of data and information, would have been completely useless.

Answer 4

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Answer 5

Globalization boosts technological development

First, globalization allows countries to gain easier access to foreign knowledge. Second, it enhances international competition—including as a result of the rise of emerging market firms—and this strengthens firms' incentives to innovate and adopt foreign technologies.