Answer:
The
following factors have stimulated the globalisation process.
(i) Improvement in transportation: In the last fifty years, there have
been lots of improvements in transportation technology. This has made faster delivery
of goods across long distances possible, at lower costs.
(ii) Development in information and communication
technology: Technology in the areas of telecommunication and computers has been
advancing rapidly.
(iii) Telecommunication: Telecommunication facilities like
telephone, telegraph, mobiles, fax are used to connect people in the world.
This has been made possible due to satellite communication devices.
(iv) Computers: They have now entered almost in every
field of activity. In the amazing world of Internet, we can obtain and share
information on almost anything.
(v) Internet: Internet also allows us to send instant
electronic mail (e-mail) and talk (voice mail) across the world at negligible
cost. Even the payment of money from one bank to another can be made through
e-banking.
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