Causes of globalisation

Answer 1

What explains this globalization? It is certainly not attributable to conquest, the source of most previous historical episodes where a single economic system has held sway over a vast geographical terrain. The source lies instead in the development of technology. The costs of transport, of travel, and above all the costs of communicating information have fallen dramatically in the postwar period, almost entirely because of the progress of technology. A 3-minute telephone call from the USA to Britain cost $12 in 1946, whereas today it can cost as little as 48 cents, despite the fact that consumer prices have multiplied by over eight times in the intervening period. The first computers were lumbering away with piles of punched cards in the early postwar years, and telegrams provided the only rapid means of written communication. There was no fax or internet or e-mail or world-wide web, no PCs or satellites or cell-phones. Today we witness phenomena that no futurist dreamed of half a century ago, such as Indians with medical degrees residing in Bangalore who earn a living by acting as secretaries to American doctors by transcribing their tapes overnight. It is clearly the availability of cheap, rapid and reliable communications that permits such phenomena, just as this is the key to the integration of the international capital market. I presume the same factor is important in nurturing the growth of multinational corporations, since it is this which enables them to exploit their intellectual property efficiently in a variety of locations without losing the ability to maintain control from head office. But in this context I would surmise that other factors are also at work, such as the spread of consumer knowledge about what is available that comes from travel and from advertising, itself encouraged by the communications revolution and its children like CNN. The reduction in transport costs is also a key factor underlying the growth in trade. Of course, it needed a reasonably peaceful world to induce economic agents to exploit the opportunities for globalization presented by technological progress. But the technological basis for the phenomenon of globalization implies that, barring an end to the "Pax Americana" or else extremely vigorous conscious actions to reverse the process, globalization is here to stay.

Answer 2

What explains this globalization? It is certainly not attributable to conquest, the source of most previous historical episodes where a single economic system has held sway over a vast geographical terrain. The source lies instead in the development of technology. The costs of transport, of travel, and above all the costs of communicating information have fallen dramatically in the postwar period, almost entirely because of the progress of technology. A 3-minute telephone call from the USA to Britain cost $12 in 1946, whereas today it can cost as little as 48 cents, despite the fact that consumer prices have multiplied by over eight times in the intervening period. The first computers were lumbering away with piles of punched cards in the early postwar years, and telegrams provided the only rapid means of written communication. There was no fax or internet or e-mail or world-wide web, no PCs or satellites or cell-phones. Today we witness phenomena that no futurist dreamed of half a century ago, such as Indians with medical degrees residing in Bangalore who earn a living by acting as secretaries to American doctors by transcribing their tapes overnight. It is clearly the availability of cheap, rapid and reliable communications that permits such phenomena, just as this is the key to the integration of the international capital market. I presume the same factor is important in nurturing the growth of multinational corporations, since it is this which enables them to exploit their intellectual property efficiently in a variety of locations without losing the ability to maintain control from head office. But in this context I would surmise that other factors are also at work, such as the spread of consumer knowledge about what is available that comes from travel and from advertising, itself encouraged by the communications revolution and its children like CNN. The reduction in transport costs is also a key factor underlying the growth in trade. Of course, it needed a reasonably peaceful world to induce economic agents to exploit the opportunities for globalization presented by technological progress. But the technological basis for the phenomenon of globalization implies that, barring an end to the "Pax Americana" or else extremely vigorous conscious actions to reverse the process, globalization is here to stay.

Answer 3

* (a) technology allows ideas to cheaply travel faster, further and to more people * (b) mass transport allows people and goods also to cheaply travel faster and further * (c) education around the world skills workers to do the work previously limited to the developed world

However, for globalisation to work there needs to be:

*

(d) laws allowing countries to invest and export to each other

Answer 4

World has been shifted from being 'self sufficient' societies to the specialized societies/economies over the centuries. People are more focus on what they are specialized at and producing mass quantities of them. According to this particular method, starting from an every individual to a corporate to a nation as a whole will have to make continuous relationships with others to maintain their lifestyle.

Globalisation which I believe caused by the above process. To maintain the so called relationships with other and to execute relationships in an effective and efficient manner, so many methods, equipments & technologies were emerged over the years. People are became very innovative in such relationships where we were able to win geographical boundaries just they do not exists.

This is Globalisation.

Answer 5

"Globalization" is essentially a natural growth of international commerce dating back centuries, perhaps to the time of Marco Polo and his trips to India in the 1200's, or to Columbus's famous trip with goals of finding a new route to India in 1492.

Or, perhaps you would want to consider it more in the times of Alexander the great around 300 BC.

By the time of the US Revolutionary War, international trade was booming, and one of the great turning points one points in the separation movement of the "colonies" from Britain was the taxes on Tea Imports.

Perhaps a more recent even was Nixon's visit to China in 1972. He was the first president to visit China following the communist revolution in 1949, and ushered in a new era of global commerce between the USA and China.

Answer 6

Three main reasons what caused globalisation

advance in technology

Communication and transport

Answer 7

The rapid growth rate, scarcity of certain resources and trade are some of the causes of globalization.

Answer 8

Improvements in technology made international communication easier.