Question

Explain the factors which facilitate Globalisation.

Answer 1

HI mate GM here is your answer...,,,

+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.

I hope it will help you and mark me as a brain list answer plz.

Answer 2

Answer:

HERE IS YOUR ANSWER..

Explanation:

1. Rapid improvement in technology has been one major factor that has enabled the globalisation process.

2. Improvement in information technology has played a major role in spreading out production of services across countries. Telecommunication facilities are used to contact one another around the world to access information instantly and to communicate from remote areas.

3. Improvement in transportation has made possible much faster delivery of goods across long distances at low cost.

4. Due to the pressure of WTO many developing countries have removed many of the trade barriers to foreign trade and investment and thus promoted and facilitate the globalisation.

5. Multilateral trade agreement has promoted foreign trade and free flow of investments.