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Why is technology considered to be a critical element of globalisation? Explain.

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Globalization destroys artificial tariff barriers imposed by a country. Ultimately an item produced most efficiently and economically in a particular country would be produced there. In this the role of technology is crucial as technology ensures most efficient and economical production of an item. Technolgy...
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Globalization destroys artificial tariff barriers imposed by a country. Ultimately an item produced most efficiently and economically in a particular country would be produced there. In this the role of technology is crucial as technology ensures most efficient and economical production of an item. Technolgy has to be continuously upgraded to stay most efficient and most economical.

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Some countries have great talents that are discovering and developing new technologies in various fields that will be beneficial for all the world. So all countries will be interested to get these technologies and learn about such technologies so that they can compete in the war of being a superpower....
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Some countries have great talents that are discovering and developing new technologies in various fields that will be beneficial for all the world. So all countries will be interested to get these technologies and learn about such technologies so that they can compete in the war of being a superpower. And for that there is need of exchange of ideas, technologies and human resource between countries and thats leads to globalisation. Example: We have partnered with Japan for India's first bullet train in which we get materials, expert knowledge, and technology of bullet train that will help in development of fast railway networks. read less
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Globalization destroys artificial tariff barriers imposed by a country. Ultimately an item produced most efficiently and economically in a particular country would be produced there. In this the role of technology is crucial as technology ensures most efficient and economical production of an item. Technolgy...
read more

Globalization destroys artificial tariff barriers imposed by a country. Ultimately an item produced most efficiently and economically in a particular country would be produced there. In this the role of technology is crucial as technology ensures most efficient and economical production of an item. Technolgy has to be continuously upgraded to stay most efficient and most economical.

read less
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