SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The use of high taxes for imports and exports
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Improvements in technology have made trade easier
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The creation of one form of currency (money) used to trade
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The success of the Communist governments in guiding trade
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Detailed explanation-1: -Technology has changed not only how we produce and connect, but also allows more humans to create and test new objects and ideas, reducing the costs and risks of innovation, and product development, also in developing countries.
Detailed explanation-2: -Improved technology is undoubtedly very influential in helping globalisation; without technologies such as the internet and global communication, it would not have been possible to witness the increased interdependence of companies and countries. Increased free trade is important.
Detailed explanation-3: -Today, follow-on advances in technology have led to the rapid expansion of global trade. Three suggested factors accelerated economic globalization: advancement of science and technology, market oriented economic reforms, and contributions by multinational corporations.