No products in the cart.

Cause of globalisation?

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Cause of globalisation?

Posted by Nobin Kuru 7 years, 9 months ago

CBSE > Class 12 > Political Science

1 answers

Govind Singh 7 years, 8 months ago

Improved transport, making global travel easier. For example, there has been a rapid growth in air-travel, enabling greater movement of people and goods across the globe.
Containerisation. From 1970, there was a rapid adoption of the steel transport container. This reduced the costs of inter-modal transport, making trade cheaper and more efficient.
Improved technology which makes it easier to communicate and share information around the world. E.g. internet. For example, to work on improvements on this website, I will go to a global online community, like elance.com. There, people from any country can bid for the right to provide a service. It means that I can often find people to do a job relatively cheaply because labour costs are relatively lower in the Indian sub-continent.
Growth of multinational companies with a global presence in many different economies.
Growth global trading blocks which have reduced national barriers. (e.g. European Union, NAFTA, ASEAN)
Reduced tariff barriers encourage global trade. Often this has occurred through the support of the WTO.
Firms exploiting gains from economies of scale to gain increased specialisation. This is an essential feature of new trade theory.
Growth of global media.
Global trade cycle. Economic growth is global in nature. This means countries are increasingly interconnected. (e.g. recession in one country affects global trade and invariably causes an economic downturn in major trading partners.)
Financial system increasingly global in nature. When US banks suffered losses due to sub-prime mortgage crisis, it affected all major banks in other countries who had bought financial derivatives from US banks and mortgage companies.
Improved mobility of capital. In past few decades, there has been a general reduction in capital barriers, making it easier for capital to flow between different economies. This has increased the ability for firms to receive finance. It has also increased the global interconnectedness of global financial markets.
Increased mobility of labour. People are more willing to move between different countries in search for work. Global trade remittances now play a large role in transfers from developed countries to developing countries.

ANSWER

http://mycbseguide.com/examin8/

Related Questions

Mention two drawback of Indian party system

Posted by Hunmili Killingpih 1 year, 3 months ago

CBSE > Class 12 > Political Science

0 answers

Make questionnaire on topic indias nuclear policy ans in yes or no

Posted by Kulvir Dhillon 1 year, 4 months ago

CBSE > Class 12 > Political Science

0 answers

Access the role of CPI after the victory in kerala

Posted by Prinjal Singh 1 year, 2 months ago

CBSE > Class 12 > Political Science

0 answers

Gulf War 1st and 2nd

Posted by Yogesh Godara 1 year, 3 months ago

CBSE > Class 12 > Political Science

0 answers

Discuss the safety measures undertaken by Gorbachev to pacify the stagnation of USSR

Posted by Navya Paul 1 year, 3 months ago

CBSE > Class 12 > Political Science

0 answers

Explain any two causes which led to the formation of ASEAN?

Posted by Abigail Golmei 1 year, 2 months ago

CBSE > Class 12 > Political Science

0 answers

What does this picture cartoon based question page 9

Posted by Reetu Chettri 1 year, 4 months ago

CBSE > Class 12 > Political Science

0 answers

Chinese invasion of 1962

Posted by Thar Teen 1 year, 4 months ago

CBSE > Class 12 > Political Science

0 answers

The end of bipolarity notes

Posted by Jasleen Kaur Palak 1 year, 4 months ago

CBSE > Class 12 > Political Science

2 answers

Why is the period 1947- 1967 called congress system?

Posted by Neha Nishad 1 year, 4 months ago

CBSE > Class 12 > Political Science

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App