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Q.

Rapid improvement in ____ has been a major factor that has stimulated the globalisation process.


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Detailed Solution

Rapid improvement in technology has been a major factor that has stimulated the globalization process. This is based on the belief that advanced technologies enable countries to conduct business transactions efficiently, which in turn drives growth and supports greater numbers of employees across the world. One element of technological advancements influencing this globalization are rapid improvements in the field of telecommunications, which have resulted in faster communications between people and businesses across the planet.
 
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