0
Economic integration on a world wide basis has contributed to globalization. Monetary systems all interact with each other thus what any nation does economically quickly affects trading partners and others associated with even one nation. It's like a domino affect.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoThere are multiple aspects that lead to globalization:
- transporation revolution: fast travel by air, land and sea
- Information revolution: the internet, mobile communication, television, satelites, ...
- Supranational agreements and cooperations:UN-legislation, bilateral agreements, Regional agreements, ...
- Popular languages: The english language for example has grown to become a language thought all over the world, which simplifies international communication
Wiki User
∙ 14y agoThe creation of a globe.
Wiki User
∙ 15y agoThe reduction of cross country borders
Add your answer:
Earn +20 pts
How does globalisation affect people in ledcs?
it makes led less developed and causes problems
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.
How does liberalisation of trade and investments policies helped the globalisation process?
Liberalisation of trade and investment policies has helped the globalisation process by making foreign trade and investment easier. Earlier, several developing countries had placed barriers and restrictions on imports and investments from abroad to protect domestic production. However, to improve the quality of domestic goods, these countries have removed the barriers. Thus, liberalisation has led to a further spread of globalisation because now businesses are allowed to make their own decisions on imports and exports. This has led to a deeper integration of national economies into one conglomerate whole.
What is a simple definition of globalisation?
Globalisation is a system which processes economical. Markets are being increasingly globalized
How does globalisation affect people in ledcs?
it makes led less developed and causes problems
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
How has globalisation affected soverenignty?
yes i think globalisation affected other$yes i think globalisation affected other$yes i think globalisation affected other$
When did globalisation start?
when did the globalisation begin? help pleaseee
Is globalisation bad?
globalisation loses people job
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 is the verb form of globalisation?
The verb of globalisation is globalise. As in "to globalise something".
What does globalisation mean for kids?
globalisation is something spreading around the world
What does globalisation involve?
globalisation involves trade, migration, communication and shared culture.
What is globalisation of markets?
Globalisation of markets is link between markets at global level
How do you spell globalisation?
The spelling globalisation is the British (UK) spelling. In the US, it is globalization.
Globalisation and future of Indian economy?
Fair globalisation would create opportunities for ALL &also ensure that the benefits of globalisation would be shared better.
