Final answer:
Space-time compression has primarily happened due to advancements in communications and transportation technologies that have reduced costs, improved connectivity, and encouraged globalization. It has given us a sense of a shrinking world and faster time.
Step-by-step explanation:
The phenomenon of space-time compression has largely occurred in recent decades due to improvements in communications and transportation systems (E). With the advancements in shipping like container ships and air cargo, there is a decrease in transportation costs. Similarly, innovations in computing and telecommunications have further simplified and cheapened the management of long-distance economic interactions of production and sales.
Globalization is significantly influenced by these advancements as products and services in the modern economy, which often take the form of information such as computer software, financial advice, and many others, can now be transported over telephones and computer networks at significantly lower costs. Additionally, international agreements and treaties between countries have also encouraged increased trade.
Other factors such as changing job requirements and new media forms have also played a role in this phenomenon, making us feel that time is speeding up and the world is shrinking.
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