what are the factors that led to the globlization in 21st century.?

Question

Globlization in 21st century.

Answer 1

Let me give it a shot.

If you are talking about factors that led to globalization well first and most important factor was the improvement in communication. During the earlier days, things were done by mail, so you order from someone you know in some other country,hopefully your order gets to you in a year.

Then Telex came as well as telephony, telephone systems then were not globally interconnected so still there were communication barriers for an efficient trade. But with the advent of internet and its drastic improvement this pave the way to a "real" globalization.

Globalization in my opinion is not limited to trade. For globalization to prosper, East must meet West. There should be culture sharing, aside from trade. Why culture? If i don't know the culture of let us say Korea, why would i be interested to import their items, like spices or food?

Other factors that led to trade globalization was when countries joined together and formed afta, nafta then we have the WTO that supposedly mediates or arbitrates dispute within countries, relating to trade only. To add to the factors were summits that were organized by several countries, which USA was a willing partner, to mention one is Asian or Asean Summit (I think those 2 are different). All these have trade in their agenda as well as investments.

Investments - because of those mentioned above, A country interested in investing in another country became much easier, 3rd world and "underdeveloped" countries opened up their economy to developing, and developed countries, making trade faster and efficient.

Transportation / Trade Routes - because of new faster sea crafts that can load hundreds of container vans, and with more trade routes, this paved the way to globalization as well.

Members of certain trade orgs or those countries who joined certain trade agreements, willingly agreed to reduce tariffs, over number of years to the point of zero tariff. Others lifted thier restrictions on some products, these are not only effects of globalization but also a factor how globalization came about.

Many countries were really pushing for globalization, they want a share of the pie, they want the european and USA market to open up so they can supply their products increase the trade between those giant economies.

There are positive and negative effects because of this globalization. But I won't go there since you are only asking for the factors. ;-)

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Answer 2

globalization is a process of interaction and integration among the people, companies and governments of different nations, a process driven by international trade and investment, and aided by information technology. This occurs that with globalization, boundaries have broken down, resulting in greater inter-connectedness as transport and communication links improve thus shrinking space and time

i'd say it's mainly the usa, after they came out of isolationism during world war 2. during the cold war (with ussr), usa strongly advocated open economies and free trades, and these would eventually lead to globalization.

globalization is not new, though. for many decades of centuries, people – and today, corporations- have been buying from and selling to each other in lands at great distances, such as through the Silk Road which spanned across Central Asia which connected China and Europe during the Middle Ages

Answer 3

In 21st century the Internet made possible the organisation of business on a global scale and strengthened the idea of globalization.

Answer 4

hi may be this will help. factors of globalization are:
1) advanced communication methodsrg internet
2) increasing of tourism in the country
3) establishment of foreign industries
4) poverty

Answer 5

mainly economic