During the last few years Information Technology (IT) has played an important role in globalisation. Telecommunication facilities have Helped the people to connect to different corners of the world instantly. Internet has dramatically transformed the way in which business is conducted nowadays. Except’- physical movement of products, every other transaction is possible through internet. It has facilitated closer interaction between different countries of the world.
Globalisation would take a long time to happen and would not have been effective and profitable to the participating companies without the expansion of IT. This is.because a long time would be involved in sending information about matters which require quick decision-making and in many cases the decisions would be taken too late to be really effective.