using what you have learned, describe the effect of communications technology on globalization.
be sure to mention how communications technology affects trade.

Explanation:

Globalization is an economic and political phenomenon that has transformed the relations of production and labor. The companies started to produce in countries where the labor is cheaper, becoming consequently more competitive. Globalization was underpinned by the development of information technologies that connected markets in real time, increasing firms' efficiency and opening new markets for trade and new forms of consumption for goods such as online shopping.

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