what are main factors responsible for the making of the global world?
Answers
Globalisation refers to the interaction and integration of organizations and businesses on international scale.
Some factors such as the following have highly contributed to glottalization;
1. Containerization.
This i where the cost of container transportation has reduced this encouraging exchange of goods between organization and businesses more easily.
2.Technological change
Technology has rapidly improved in the past few years.This has led to easy and fast communication globally hence improving exchange of goods and services too.
3.Differences in tax systems
The differences in tax systems has seen many countries regulating their tax regulations and systems in a bid to accommodate other international investors in the country.
4.Less protectionism
This is where the old non tariff protection such as import licensing and foreign controls have been dismantled.
This is in order to remove the barrier in the borders to achieve high economic growth.