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How does technology relate to globalization

User Shazz
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2 Answers

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10 votes

Answer:

Technological advancements reduce costs of transportation and communication across nations and thereby facilitate global sourcing of raw materials and other inputs. Patented technology encourages globalization as the firm owning the patent can exploit foreign markets without much competition.

just look it up :)

User Sachelle
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15 votes

Technological advancements reduce costs of transportation and communication across nations and thereby facilitate global sourcing of raw materials and other inputs.