Rapid improvement in technology has stimulated the globalisation process: (i) Transportation technology has made much faster delivery of goods across long distances possible at lower costs. (ii) There are even more remarkable developments in information and communication technology. (iii) Telecommunication facilities are used to contact one another around the world, to access information instantly, and to communicate from remote areas. (iv) Through internet, one can obtain and share information on almost anything. It also allows sending e-mail and talking across the world at negligible costs. (v) For example a news magazine published for London readers is to be designed and printed in Delhi. The text of the magazine is sent through Internet to the Delhi office. The designers in the Delhi office get orders on how to design the magazine from the office in London using telecommunication facilities. The designing is done on a computer. After printing, the magazines are sent by air to London. Even the payment of money for designing and printing from a bank in London to a bank in Delhi is done instantly through the Internet.