Economy, asked by srirammukka2004, 1 year ago

state the factors that have led to globalization and explain any one of them.

Answers

Answered by SpandanNanda
3
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.

Containerisation

The costs of ocean shipping have come down, due to containerisation, bulk shipping, and other efficiencies. The lower unit cost of shipping products around the global economy helps to bring prices in the country of manufacture closer to those in export markets, and it makes markets more contestable globally

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