While in Italy, Tony was able to communicate important information to George, his business partner, via e-mail. Later that day, Tony remarked to George about how helpful it was that he was able to return to their office in New York in less than nine hours. The "global village" refers to this "shrinking" of time and space as air travel and the electronic media have made it easier for people around the globe to communicate with one another.

The given statement referring to the ideas of 'global village' and 'shrinking of time and space' is a TRUE statement.

Explanation:

The technological advancements that have happened in almost all the disciplines of life have introduced increased convenience in the lives of people around the world. The conventional methods of traveling and communication that used to consume huge amounts of time have got replaced by methods backed by new-age technology and applied engineering. Owing to the dramatic reduction in time that is now required to travel between any two locations on the planet, the world has begun to seem like a small village. Earlier, it was only possible to go from one place to another either by road or by waterways. But nowadays, the facilities of aviation and its affordability have made it easy for everyone to travel anywhere by air and that too by putting the least possible time at stake.

Communication has not only become faster but has become far more safe and secure. Also, the modern methods of communication dispense the facilities of sending and receiving multimedia messages which was not possible through conventional methods of communication. The technological leap forward in the discipline of communication has reduced the time taken for delivering a message and getting a response down to seconds, which in itself is a great trait offered by modern scientific innovations. Hence, it can be said that the shrinking of time and space owing to the upward evolution of technology has turned the world into a global village.

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