Question

What are the main factors responsible for the making of the global world

Answer 1

Answer:

• Air
• Water

are the main factors

Answer 2

Answer:

Containerization, protectionism, tax system and technological change are the main factors of globalization.  

Explanation:

Globalization is the ‘interaction and integration’ of business. There are few factors which are widely contributed to the globalization. Containerization, differences in tax system, protectionism, and ‘technological change’ are the few factors responsible for the making of the global world. Transportation of ‘cargo in containers’ with standardized handling equipments is called containerization.

Many methods used to fix a tax rate like marginal, statutory, average, and effective comes under difference in tax system. Policy of protecting the domestic industries from foreign competition is called protectionism. The above mentioned are the few factors of globalization.