question_answer 10)

Using IT in Globalization The text of the magazine is sent through, Internet to the Delhi office. The designers in the Delhi office get orders on how to design the magazine from the office in London using telecommunication facilities. The magazines are sent by air to London. Even the payment of money for designing and printing from a bank in London to a bank in Delhi is done instantly through the Internet (e-banking)!   1. In the above example, underline the words describing the use of technology in production.   2. How is information technology connected with globalization? Would globalization have been possible without expansion of IT?  

Answer:

1. The text of the magazine is sent through Internet. The designers in the Delhi office get orders on how to design the magazine from the office in London using telecommunication facilities. The magazines are sent by air to London. Payment of money for designing and printing from a bank in London to a bank in Delhi is done instantly through the Internet.  2.During the last few years Information Technology (IT) has played an important role in globalization. Telecommunication facilities have helped the people to connect to different corner of the world instantly. Internet has dramatically transformed the way in which business is conducted nowadays. Except physical movement of products, every other transaction is possible through internet. It has facilitated closer interaction between different countries of the world. Globalization would take a long time to happen and would not have been effective and profitable to the participating companies without the expansion of IT. This is because a long time would be involved in sending information about matters which require quick decision making and in many cases the decisions would be taken too late to be really effective.