There are various factors which facilitate globalisation in the world.What are these factors
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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.
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Explanation:
1. Rapid improvement in Technology.
2. Liberalization of trade and investment policies.
3. Pressure from international organizations like WTO and World Bank.
4. Improvement of transport facilities.
5. Improvement in communication facilities.
6. Dependence of Developing countries upon Developed Countries
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