Reasons for globalisation

1. REASONS FOR GLOBALISATION

2. Technology
 Globalization boosts technological development
 globalization allows countries to gain easier access to foreign
knowledge

3. Capitalmobility
 If capital is mobile, then it means it is easy and seamless to move
capital from one country to another

4. Labormobility
 Labor mobility refers to which laborers are able to move around
within an economy and between different economies

5. Improved
transport
 Transportation boosts trade in goods and contributes to the
global economy as a cluster of service sectors.

6. Multinational
companies
 In the process of globalization, MNCs play a significant role. Also, after
being miles away, they interact with the local and small companies

7. Lowertariffs
 Since the 1930s, many developed countries have reduced tariffs and
trade barriers, which has improved global integration and brought
about globalization