an important factor causing globalisation is ... MCQ
1) expansion of markets
2) technological developments
3) more income
Answers
Answer:
technological development
Answer:
2) Technological development
The phenomenon of globalisation is not new. The interdependence of the global economy has been growing for a while. The trend of globalisation has, however, intensified in recent decades. There are many reasons for this, but some of the most significant ones are improved commerce, increasing labor and capital mobility, and improved technology.
Explanation:
Technology is a significant aspect that has accelerated the pace of globalization. The term "globalization" refers to the rising interconnectedness of all nations due to the amount and variety of cross-border trade in products and services as well as the quick spread of new technologies.
Causes for globalization are :
- Improved transportation has made international travel simpler.
- The term "containerization"
- improved technology that facilitates global communication and information sharing.
- expansion of multinational corporations with a presence around the globe in numerous economies.
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