describe the factors that enabled globalisation?
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prasanna
Nov '16
The factors which have enabled globalisation in India are
(i) During the past ,50 years, several improvements in technology have taken place. For example, in transportation technology, containers are now used for the transportation of goods. This has led to huge reduction in cost and increase in speed in reaching the markets.
(ii)Telecommunication facilities are used to contact one another around the world and to communicate from remote areas. Internet enables us to send instant electronic mail and talk across the world at negligible costs.
(iii) The Government of India has removed barriers or restrictions to trade set earlier. This step, called liberalisaHon, ha enabled goods and services to be exported and imported easily.
Multinationals lave been allowed to set-up factories and offices in India. Due to this, there is greater integration of poduction and markets across countries.
prasanna
Nov '16
The factors which have enabled globalisation in India are
(i) During the past ,50 years, several improvements in technology have taken place. For example, in transportation technology, containers are now used for the transportation of goods. This has led to huge reduction in cost and increase in speed in reaching the markets.
(ii)Telecommunication facilities are used to contact one another around the world and to communicate from remote areas. Internet enables us to send instant electronic mail and talk across the world at negligible costs.
(iii) The Government of India has removed barriers or restrictions to trade set earlier. This step, called liberalisaHon, ha enabled goods and services to be exported and imported easily.
Multinationals lave been allowed to set-up factories and offices in India. Due to this, there is greater integration of poduction and markets across countries.
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FACTORS LEADING TO GLOBALISATION
⇒ Interdependence leads to globalisation. As we depend on each other in the Society , we are actually contributing to Globalisation.
⇒ Development and competition forces us to depend on each other and co operate with one another . This leads to globalisation.
⇒ For achieving certain aims , the countries need to unite and co operate with each other and hence leading to globalisation.
⇒ To prevent wars. Globalisation creates friendly relations between countries and can prevent wars.
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