explain any three factors that have enabled globalization?
Answers
Answered by
157
the factors that have enabled globalisation
are as given below:
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.
Hope this helps!
are as given below:
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.
Hope this helps!
hanumanthbejjep1x4mp:
plz can any one give me in main points plz urgent
i dont have much time so plz give main pionts by which i can understand easily.
explain karna tha to use shory karke samajhlo
Answered by
53
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.
(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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