Question

explain the factors which facilitate globalisation? give 5 points

Answer 1

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◆Trade has been the biggest factor towards globalization. Other factors will be

◆Improvement in transportation methods and communication technologiesScientific research leading to creation of a consumeristic modern trade supply chainEvolution of “multinational corporations” with East India Company being the first MNC of this worldWorld wars leading to formation of global institutes like united nations, IMFModern globalized banking systemsInternational taxation policies (including free trade agreements)

◆Globalization has changed the way we live and think.

◆It has changed the way we look at life and human rightsWebsites such as just internet connect people across the planet demonstrating huge similarity in the materialistic aspirations of people across the globe – from furnishing of living spaces to design of apartments, cars to kids toys, gardens and cinemas, and travel- all find huge commonality across the globe.Willing or unwillingly, countries have come together to negotiate on global issues l

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