Question

What are the factors needed for globalisation?

Answer 1

Factors influencing Globalization are as follows: (1) Historical
(2) Economy
(3) Resources and Markets
(4) Production Issues
(5) Political
 (6) Industrial Organisation
(7) Technologies.
Globalisation though is basically an economic activity, is influenced by many factors.
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Answer 2

FACTORS LEADING TO GLOBALISATION

⇒ Interdependence leads to globalisation. As we depend on each other in the Society , we are actually contributing to Globalisation.

⇒ Development and competition forces us to depend on each other and co operate with one another . This leads to globalisation.

⇒ For achieving certain aims , the countries need to unite and co operate with each other and hence leading to globalisation.

⇒ To prevent wars. Globalisation creates friendly relations between countries and can prevent wars.