Which of the following is an example of technology's role in globalization?

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Prepare for your UCF GEB3375 Intro to International Business Exam 1. Utilize flashcards and multiple choice questions with explanations to ace your test. Get fully equipped!

The choice highlighting the growing number of internet users effectively illustrates technology's role in globalization. The internet has fundamentally transformed how businesses operate, allowing for instant communication and the exchange of information across the globe. This connectivity facilitates international trade, enhances relationships between multinational companies and local markets, and enables consumers to access a wider variety of products and services from around the world.

As more individuals gain access to the internet, they are able to engage in e-commerce, participate in global markets, and utilize digital platforms to communicate and collaborate regardless of geographical barriers. This expansion of internet usage is a key driver of the globalization process, as it breaks down traditional boundaries and fosters the creation of a more interconnected global economy.

In contrast, increased tariffs, longer flight times, and reduced foreign direct investment opportunities reflect barriers and challenges to globalization rather than showcasing the benefits and opportunities brought about by technological advancements.