Explaining the Growth in Globalisation
Globalisation refers to the increased integration and interdependence of the world economy’s. These are some reasons to explain the growth of globalisation
1. Increase in Free Trade.
Since the second world war, tariffs have generally been reduced. This has been encouraged through organisations such as the WTO. This has increased trade between different countries; this is an important factor in the process of globalisation.
Technology has improved communication between different countries. Therefore, it has become easier to split up production on a global level. It is also easier to discover what is happening in other countries. For example, through the internet you can find the cheapest raw materials.
3. Improved Transport and Infrastructure.
Global airline travel has increased exponentially. It is now easier and cheaper to transport goods by air and water.