Question

What are the factors that have enabled globalisation?(write 6 shot points)​

Answer 1

Answer:

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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Answer 2

Factors that enabled gloabalosation are as follows:

• Reduction of trade barrier with a view to allowing free flow of goods to and from other countries.
• Involvement of various local producers with MNC.
• Some of large indian companies like tata motors, infosys(IT) emerged as MNC and started working globally.
• Improvement in transportation.
• Improvement in information and communication technology.
• Liberalization and removal of trade barriers.