Question

Using what you have learned, describe the effect of communications technology on globalization.

Answer 1

Answer:

Sample Response:

As the data shows, the number of people with access to cell phones, computers, and the Internet has increased dramatically in the last five years. This has increased the speed of globalization, as more countries are able to do business in countries around the world, even in developing nations. More people buy goods manufactured in foreign lands, and more people are using the Internet to order goods and services. E-commerce has increased dramatically. In China, for example, it has tripled since 2012.

Explanation:

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Answer 2

Explanation:

Globalization is an economic and political phenomenon that has transformed the relations of production and labor. The companies started to produce in countries where the labor is cheaper, becoming consequently more competitive. Globalization was underpinned by the development of information technologies that connected markets in real time, increasing firms' efficiency and opening new markets for trade and new forms of consumption for goods such as online shopping.