4.What are the factors that have enabled globalization process ? 3
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Factors That Have Contributed to Globalisation
Containerisation. The costs of ocean shipping have come down, due to containerisation, bulk shipping, and other efficiencies. ...
Technological change. ...
Economies of scale. ...
Differences in tax systems. ...
Less protectionism. ...
Growth Strategies of Transnational and Multinational Companies.
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- Rapid improvement in technology has been major factor that has stimulated globalization process.
- liberalization of foreign trade foreign investment policies.
- information transfer.
- market integration.
- growing customers pressure.
- changing political situations
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