How has technology influenced globalization?

Technology has played a pivotal role in influencing globalization, particularly by making the world feel smaller through enhanced connectivity. This connectivity is largely due to advancements in the internet, mobile communication, and social media, which allow individuals and businesses from different parts of the world to interact, share information, and transact with ease.

The instant ability to communicate worldwide diminishes geographical barriers and fosters international collaboration. For example, video conferencing tools enable face-to-face meetings across continents, while social media platforms allow for global marketing and brand outreach. This not only increases the flow of information but also stimulates cultural exchange and economic interactions, effectively weaving a more integrated global community.

In contrast, the other options reflect misconceptions about technology's role in globalization. For instance, limiting the availability of international products or increasing costs of global communication contradicts the essence of technological advancements, which typically strive to enhance accessibility and reduce costs. Similarly, the idea of introducing restrictions on foreign investments does not align with technology's function; instead, it is often government policy or economic circumstances that drive those restrictions. Overall, technology serves as a facilitator of globalization by shrinking distances and promoting global engagement.