Question

explain any four factors responsible for development of globalisation​

Answer 1

Explanation:

Factors That Have Contributed to Globalisation

1. Containerisation. The costs of ocean shipping have come down, due to containerisation, bulk shipping, and other efficiencies. ...
2. Technological change. ...
3. Economies of scale. ...
4. Differences in tax systems. ...
5. Less protectionism. ...
6. Growth Strategies of Transnational and Multinational Companies.

Answer 2

Four factors responsible for the development of Globalisation are:

1. Rapid technological development: The rapid growth in communication and transportation has made it simpler for people, capital, and things to move across international borders, which has increased globalisation.

2. Market globalisation: As the international economy becomes more integrated, a worldwide market for products and services has been established, fostering more intense rivalry and specialisation while also advancing globalisation.

3. Multinational corporations: Globalization has advanced significantly as a result of the expansion of multinational corporations. These businesses can access new markets and promote economic progress since they have the means and reach to operate in several nations.

4. Economic fusion: As national economies become more entwined with regional and international economic systems, globalisation has accelerated. Trade barriers have been eliminated as a result of the formation of trade blocs and customs unions like the European Union.

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