Which factor is classified as a technological driver of globalization?

Advancements in communication technology are considered a technological driver of globalization because they fundamentally change how businesses interact across borders. These advancements have enabled instantaneous communication, allowing companies to coordinate operations, manage supply chains, and engage in marketing with customers and partners worldwide, regardless of geographical barriers. This ease of communication facilitates international trade, enhances collaboration, and makes it easier for businesses to enter and operate in foreign markets.

Other factors such as market demand fluctuations, cost advantages of foreign suppliers, and political stability in emerging markets, while significant in their own rights, are classified differently. Market demand fluctuations pertain to changes in consumer interests and purchasing behaviors, affecting business strategies but not directly linked to technology. Cost advantages of foreign suppliers relate to economic factors that might encourage companies to outsource or import goods due to lower production costs. Political stability in emerging markets relates to the broader economic and governance environment, which can influence investment decisions but is not rooted in technological progress. Thus, the focus on communication technology distinctly highlights its role as a catalyst for interconnectedness in the global economy.