Question

Explain the factor ‘Technology’ which led to the development of Globalization ? ​

Answer 1

Answer:

(1) Historical (2) Economy (3) Resources and Markets (4) Production Issues (5) Political (6) Industrial Organisation (7) Technologies

Answer 2

Answer:

Broadly speaking, economic, financial, political, technological and social factors have paved the way to globalization. Economic factors mainly include lower trade and investment barriers. Expansion of financial sector is also considered an important force of glo- balization.

or

Factors That Have Contributed to Globalisation

Containerisation. The costs of ocean shipping have come down, due to containerisation, bulk shipping, and other efficiencies. ...

Technological change. ...

Economies of scale. ...

Differences in tax systems. ...

Less protectionism. ...

Growth Strategies of Transnational and Multinational Companies.

Explanation:

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