Which of the following best describes the role of communication technology in globalization?

Communication technology plays a crucial role in fostering collaboration among international businesses by facilitating seamless interaction across different geographical locations. It enables companies to communicate effectively with partners, suppliers, and customers around the world, breaking down the barriers that distance previously imposed. This enhanced collaboration leads to improved decision-making, accelerated project timelines, and the ability to leverage diverse expertise from different regions.

Furthermore, communication technology allows for instant access to information and resources, making it easier for businesses to coordinate their efforts globally. This includes video conferencing, instant messaging, and collaborative platforms that support teamwork across borders, nurturing relationships and creating synergy among multinational teams.

The other options suggest limitations or challenges that are not reflective of the primary role of communication technology in globalization. For instance, rather than restricting information flow, communication technology actually enhances it. While it may reduce the frequency of in-person meetings, it does not entirely eliminate the necessity for them, as personal interaction can still be important in building relationships. Lastly, communication technology simplifies rather than complicates the exchange of goods and services by streamlining logistics, improving customer service, and enhancing market outreach.