Five causes of Globalisation and why???

Question

Five causes of Globalisation and why???

Answer 1

There are many causes of globalization. But in my view following are more important.

1. Mobility of Factors of Production

2. New Markets for Developed countries

3. Raise the standard of living of developing countries

4. Political Imeprilaism over developing countries

5. Reduce the cost of production

i think these answers will help you alot.

Answer 2

1) Reduce the Cost of Production

You only need 1 answer....

Answer 3

There are no causes of Globalization.

Globalization is term that we use to describe a stage of human development on the planet earth.

Globalization is characterized by

The free flow of money and resources with out regard of Territorial boundaries.

It is the making of a final product where its component parts are sourced from any country or region of the world. IE a computer may have the mother board made in Taiwan, the hard drive in Mexico, the screen in Holland, The key board in China. It is all finally assembled in the US.

We may also transport the same food stuffs from one country to another to gain better prices. IE export grapes from Australia to New Zealand to gain a higher price than could be in Australia and New Zealand exports grapes to Japan again to get a higher price.

Answer 4

GLOBALIZATION is its literal sense is the process of globalizing, transformation of somethings or phenomena into global ones. It can be described  as a process by which people of the world are unified into a single society and function togather. This process is a combination of economic, technological, sociocultural and political forces.

Technology (Internet.

Transport cost and speed of transport.

End of cold war.

Global problems(climate, migration)

Liberalization ........................................... are the 5 causes of GLOBALIZATION.

If wants more detail answer plz go to     www.dadalos.org

Answer 5

According to a blog on India (Varnam) based on a book, Lexus and the Olive Tree by Thomas L. Friedman explains three major factors for the spread of globalization

The Democratization of Technology

Now, due to developments in communication technology, you can communicate cheaply. Innovations in miniaturization have made computers, pagers and cell phones easy to carry and affordable. Due to this the potential for wealth creation has become more geographically dispersed. An example he gives for this is the call centers run in India. The back offices of various western companies are now located in India, resulting in more jobs.

The Democratization of Finance

After the cold war most international lending was done by big commercial banks and insurance companies. Now companies offer bonds directly to the customer which could be you and me investing through our 401(k) plans. As a result countries and companies are now dealing with people whom they don't know located in various countries. If a country or company did not perform the bond holders would sell off their shares and invest money in countries and companies that performed.

The Democratization of Information

In the post cold war era, most Governments controlled the information that was distributed to the public. With the launch of many communication satellites, the number of information channels available increased dramatically and is available to anyone with a dish antenna or a cable subscription. With the advent of Internet, information is available anytime on-demand.

He says that due to all these factors you cannot supress information anymore or pretend that you did not see it. This was evident in the recent spread of SARS in China. From all the information we got, people in North America knew more about SARS in China than people in China. As a result many business opportunties were lost and many of them, mainly those related to textiles went to India, which was more open about the epidemic. All this forced the Chinese administration to take a more serious stand regarding the lives of its own citizens.

Posted on June 17, 2003 8