Examine the role of Information Technology in stimulating the process of globalization. 

(i) Technology has been changing rapidly. 

(ii) Telecommunication facilities (telegraph, telephone including mobile phones, fax) are used to contact and access information 

(iii) Helps to communicate from remote areas. 

(iv) Development of satellite communication devices. 

(v) Computers have now entered almost every field of activity. 

(vi) One can obtain and share information through internet. 

(vii) Electronic mail (e-mail) and talk (voice-mail) across the world at negligible costs 

(viii) Has played a major role in spreading out production of services across countries 

(ix)Any other relevant point

OR

(i) Globalization has resulted in more choices for the consumers 

(ii) This has improved the standard of living of people 

(iii) MNCs have increased their investments in industries such as cell-phones, automobiles, electronics, soft drinks, etc. 

(iv) New jobs have been created. 

(v) Some local companies that supply raw materials to MNCs have also benefited. 

(vi) Some local companies have been able to invest in newer technology and production methods. 

(vii) Globalisation has enabled some large companies such as Tata Motors, Infosys to emerge as multi-national companies. 

(viii) Companies providing services have also benefited by globalisation. 

(ix) Flexibility in labour laws 

(x) Expansion of unorganised sector 

(xi) Stiff competition to the local producers 

(xii) Any other relevant point