Question

Wich are factors that are leading the Globalisation

Answer 1

Factors that are leading to globalization include:

i. Technological changes increasing trade cross borders

ii. Economies of scale enabling firms to produce cheaply

iii. Containerization - Shipping costs have reduced which have increased cross-border trading

iv. Less protection and reduction of trade tariffs

v. Growing of business strategies in both transnational and multinational firms