The improvement in technology has stimulated the globalisation process as:
- There has been many improvements in transport technology in the recent years that have enabled faster delivery of goods across the world.
- Development of information technology in the areas of telecommunication like internet has revolutionised the world.
- Use of telegraph, mobiles, fax have enabled faster and easier access to information anywhere at any point of time.
- All these developments have further decreased the cost of their operations favouring the consumers around the world.
- It has opened up horizons for further advancement, research and development of existing means.