Which of the following is a major factor that has facilitated globalisation?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rapid improvements in technology.
Rapid improvement in technology is a major factor driving globalization. Advances in transportation, such as faster cargo ships and air travel, have made it possible to move goods and people across the world more quickly and cheaply. Similarly, developments in information and communication technology, including the internet, mobile phones, and satellite communication, have made it easier for people and businesses to connect and exchange information instantly across borders. This has been instrumental in the growth of multinational corporations and the integration of global markets.