Question

what are the factors that have stimulated the globalisation process?​

Answer 1

Answer:

Globalisation is the interconnection and integration of economies of the countries. The interlinking of economies with other countries for foreign trade and foreign investment.

The factors that stimulated the globalisation process are :

◾Rapid growth of technology.

◾Information and communication technology

has been increasing.

◾Telecommunication facilities such as

telephones, telegram, mobiles etc used

in better communication for the investment of

goods.

◾Internet and computers have played a major

role for the transportation of goods.

◾Migration of people from one country to

another.

Answer 2

The following factors have stimulated the globalisation process.

• Improvement in transportation: In the last fifty years, there have been a lot of improvements in transportation technology. This has made faster delivery of goods across long distances possible, at lower costs.
• Development in information and communication technology: Technology in the areas of telecommunication and computers has been advancing rapidly.
• Telecommunication: Telecommunication facilities like telephone, telegraph, mobiles, fax are used to connect people in the world. This has been made possible due to satellite communication devices.
• Computers: They have now entered almost in every field of activity. In the amazing world of internet, we can obtain and share information on almost anything.
• Internet: Internet also allows us to send instant electronic mail (e-mail) and talk (voice mail) across the world at negligible cost. Even the payment of money from one bank to another can be made through e-banking.

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