Reasons for increase in globalisation
- Created by: aleejcbg
- Created on: 30-10-16 13:44
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- Reasons for increase in globalisation.
- Free Trade
- Removing trade tariffs and quotas has promoted easier and faster trade.
- Oil money
- TNCs
- Have shifted their production to the developing world and created global conncections and trade links.
- Communication's technology
- Satellite and fibre optic communications have led to growth of mobile and internet communications, and falling communication costs.
- Transport Technology
- Containerisation has led to increasingly cheap, automated and efficient methods of transport. For high value, low volume goods and people, cheap air travel has revolutionised transport.
- The Media
- International Organisations
- Consumers
- Financial Deregulation
- Free Trade
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