What factors have encouraged globalisation?

Answer 1

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.

Answer 2

Most 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)

Answer 3

i think liberalisation is one of the most important factor that have led to globalization.

Answer 4

One of the factors that lead to globalization regards the development of better transport infrastructure. Better business opportunities also lead to globalization.

Answer 5

cultures, media, air transport, internet, mobiles etc.