Factors Contributing To Globalisation

Question 1

Rise of information and communication technology

Answer 1

Increas of information by cable and satellite digital communication - allows greater access to news and information from around the world, and allows a broader idea of international events

Question 2

Improvements in transportation and trade

Answer 2

Transportation and trade are closely interconnected. Import e ent in transportation enables increased trade volumes
. Steemships and trains: accelerated global trade and promoted connectivity and trade efficiency
. Jet aircraft: reducing travel times
. Containerisation: lowered shipping costs, facilitated the growth of international trade

Question 3

Cultural factors

Answer 3

Global events bring people together. This exposure to diverse cultural expressions enhances global connections and exchanges.

Question 4

Political and economic factors

Answer 4

Transnational cooperations are essential. They operate in multiple countries and are oriented towards global markets and products.
They focus on the more PROFITABL ASPECTS OF PRODUCTION
in order to keep products cheap these companies make great use of CHEAP LABOUR

Question 5

World trade

Answer 5

Increased export since 2002
Financial crises of 2008 to 2011 led to a sharp dip in trade
FREE TRADE, characterised by the ABSENCE OF TAXES, TARIFFS AND QUOTAS, leading to increased trade volume
The world bank provides loans and grants to developing countries for economic growths and poverty reduction programs