Describe how changes in technology contributed to the globalization of markets.

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Expert Solution

Here is the contribution of the technology toward globalization of markets.

The first and biggest contribution is the ease in communication. The customer from one country can contact to another country and buy product or services through communication. The tow way communication is increasing with the foreign companies as well. Any company can remain connected with every people of the world.
Technology had given the ability to share the ideas, plan and thoughts. This is why the world has become smaller space.
Technology has given security as well as quickness in international transactions. The money exchange issues have been resolved by the technology.
Technology is transportation has facilitated the globalization. Transportation is now quick, easy, cheaper than the traditional methods.
Due to technology it is easy to maintain global relationships. One can easily get to know about the laws and regulation of another country.

keosha answered 10 months ago

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