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Globalization is an umbrella term encompassing the international business integration arising from increasing human activity and interchange of worldviews, products, ideas, and other cultural aspects. This includes transportation and communications infrastructure and the internet, are all major factors in globalization that fosters economic interdependence and cultural activities.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agoMost important factors that led to the rise of globalization:
1. Industry and business
- Industrial Revolution
- industrialization (high-scale production of standarized products)
- growth of international trade
2. Transport
- development of means of transport (steamships, railroads, automobiles, airplanes)
- lower transport costs
- shorter travel time
3. Communication
- development of means of communication (phone, telegraph, radio, television, Internet, mobile)
- special role of internet (one medium can transmit many different kinds of information all over the globe just in seconds)
Wiki User
∙ 16y agoi think liberalisation is one of the most important factor that have led to globalization.
Wiki User
∙ 9y agoOne of the factors that lead to globalization regards the development of better transport infrastructure. Better business opportunities also lead to globalization.
Wiki User
∙ 11y agocultures, media, air transport, internet, mobiles etc.
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How does globalisation work?
It mobilises the different products and factors of production among the countries. Here the world becomes a global village
Why is globalisation good and why is globalisation bad?
Globalisation is good because it helps in every field whether it is economical,political,industrial or professional
Globalisation and future of Indian economy?
Fair globalisation would create opportunities for ALL &also ensure that the benefits of globalisation would be shared better.
What is a simple definition of globalisation?
Globalisation is a system which processes economical. Markets are being increasingly globalized
Does globalisation mean the movement of goods and commercial activities?
globalisation has resulted in the loss of some individual cultural identities.
What are the components of globalisation?
Components of globalisation are as follows: 1. globalisation of market 2. globalisation of production 3. globalisation of technology 4. globalisation of investment
What factors encouraged the fight for independence?
nothing
How has globalisation affected soverenignty?
yes i think globalisation affected other$yes i think globalisation affected other$yes i think globalisation affected other$
How does globalisation work?
It mobilises the different products and factors of production among the countries. Here the world becomes a global village
When did globalisation start?
when did the globalisation begin? help pleaseee
Is globalisation bad?
globalisation loses people job
What were there factors that encouraged world exploration?
a search for new equipment
Why is globalisation good and why is globalisation bad?
Globalisation is good because it helps in every field whether it is economical,political,industrial or professional
What does globalisation mean for kids?
globalisation is something spreading around the world
What is the verb form of globalisation?
The verb of globalisation is globalise. As in "to globalise something".
What factors encouraged the Protestant Reformation?
Martin Luther
What factors encouraged southern and eastern europeans to immigrate in the late 1800?
Poverty, war, and famine were some of the factors.
