How have changes in technology contributed towards the globalization of markets and of production? Would the globalization of products and markets have been possible without these technological changes?
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technology has enhanced telecommunication and microprocessor making the transfer of information cheap and faster
transportation has also been made easy since the customer gets his goods on time and of high quality , thus just in time [ JIT] and total quality management [TQM]
gobalisation would have not been possible without technology , technology has led to the lowering of the trade barriers making globalization possible and made various countries have competitive advantages.
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Aug 13th, 2015
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