How have technological innovations contributed to the rise of a global
economy in the modern world?
A. They have made it easier for businesses to communicate with
employees and consumers around the world.
B. They have prevented corporations in wealthy countries from
economically exploiting poor countries.
C. They have raised wages by reducing the amount of competition
between workers for available jobs.
O D. They have allowed businesses to place a greater focus on
marketing and selling their products in local markets.

The correct option is A. Technological innovations contributed to the rise of a global economy in the modern world they have made it easier for businesses to communicate with employees and consumers around the world. The way businesses and countries organize production, trade goods, invest capital, and develop new products and processes are all being profoundly altered by the effects of technological change on the global economic system.

What is the importance of technology in Globalisation?

Globalization has accelerated the transfer of information and technology across national boundaries. Even during the current lagging global productivity growth, technology transfer has aided in boosting innovation and productivity in emerging nations.

Technology advancements have a great deal of potential to accelerate economic growth and productivity while also creating new, better jobs to replace obsolete ones. The new technologies may account for as much as two-thirds of the potential productivity growth in major economies over the coming ten years.

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