Which of the following is a major driver of globalization?

Prepare for the UCF GEB3375 Intro to International Business Exam 2. Enhance your skills with multiple-choice questions, detailed explanations, and strategic tips. Boost your confidence and excel on your exam day!

Advancements in technology play a crucial role as a major driver of globalization by facilitating communication, transportation, and information exchange across borders. Innovations such as the internet and mobile communication have made it possible for businesses to operate on a global scale, allowing for real-time collaboration and access to international markets. Transportation advancements, including faster shipping methods and logistics improvements, have reduced the time and costs associated with bringing goods to various markets worldwide.

Furthermore, technology enables companies to streamline operations and reduce inefficiencies, which enhances their competitiveness on a global platform. As businesses embrace digital platforms and e-commerce, they can reach customers in different countries more effectively than ever before. This interconnectedness fosters greater economic interdependence among nations, thus propelling the process of globalization forward.

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