How has information and communication technology stimulated globalisation process ?

Information and communication technology (ICT) has had a profound effect on the process of globalization. ICT has dramatically increased the speed, reach, and complexity of economic and social interactions across the globe, facilitating the growth of economic interdependence as well as deeper connections between people and cultures. One example is the internet, which has created new opportunities, changed the way many businesses operate and allowed information to be shared quickly and cheaply across large distances. This has dramatically increased international trade and created a global marketplace, which has benefited both businesses and consumers alike. Similarly, digital technologies, such as mobile phones and e-mail, have made it easier for people to communicate on a global scale, creating new international networks and further connecting the world. Another example is the rapid expansion of global businesses. Companies no longer exist solely in one nation, but operate across multiple countries and continents. This has been made possible largely due to ICT systems and infrastructure. These digital tools have allowed businesses to quickly and efficiently network their operations, enabling them to compete in a global marketplace and increase their reach. Overall, ICT has driven the process of globalization by creating new economic and social opportunities, facilitating the growth of international trade, and allowing businesses to expand across borders. These advances in technology have greatly increased the speed and depth of economic and social exchanges on a global scale, and will continue to shape the global economy for years to come.