factors promoting globalisation and its impact
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Factors promoting globalisation and its impact
The important factors are:
(1) Historical:
The trade routes were made over the years so that goods from one kingdom or country moved to another. The well known silk-route from east to west is an example of historical factor.
(2) Economy:
The cost of goods and values to the end user determine the movement of goods and value addition. The overall economics of a particular industry or trade is an important factor in globalisation.
(3) Resources and Markets:
The natural resources like minerals, coal, oil, gas, human resources, water, etc. make an important contribution in globalisation.
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