Question

explain any three factors that have enabled globalisation possible

Answer 1

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1. Technology : in the past 50 years,
several improvements in technology
have taken place. For example, in
transportation technology, containers
are used for the transportation of
goods. This has led to huge reduction in
cost and increase in speed in reaching
the markets.

2. Information Technology :
Telecommunication facilities - telegraph,
mobile phones, fax - are used to contact
one another around the world and to
comunicate from remote
areas. Internet enables us to send
instant electronic mail and talk across
the world at negligible costs. Now a
news magazine published for London
readers can be designed and printed in
Delhi.

3. Liberalisation of foreign trade and
foreign investment policy: removing
barriers or restrictions set by the govt.
is liberalisation. Under liberalisation
goods can be exported and imported
easily. Foreign companies are allowed t
set up factories and offices in other
countries. thus liberalisation has
enabled MNCs to increase their
investments in other countries like India.
As a result of greater foreign investment
and greater foreign trade, there is
greater integration of production and
markets across countries. Globalisation
is this process of rapid integration or
interconnection between countries.

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Answer 2

Explanation:

The factors are stated below:

(i) Rapid improvement in transportation has been one major factors that has stimulated the globalisation process. This has made much faster delivery of goods across long distances possible at lower costs

(ii)In recent times communication and information technology got a boost with the invention of computers and internet etc.

(iii) Information Technology (IT) has played a major role in spreading out production of services. For example, a news magazine published for London readers is to be designed and printed in Delhi.

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