Which of the statements are TRUE about the causes of globalisation?
(a) Technology is an important cause of globalisation.
(b) Globalisation is caused by a particular community of people.
(c) Globalisation originated in the US.
(d) Economic interdependence alone causes globalisation.
(a) Technology is an important cause of globalisation.
Explanation – Technology is an important cause of globalisation. Rising technology has knit the world closer. Distances have become shorter and travel and communication have become cheaper. Trade across the world can today be carried out on the click of a button. Transportation facilities have improved. Every person and institution are connected to one another through the internet. Every day a new technology comes up that makes these tasks even easier. Therefore, technology is an important cause of globalisation.
Globalisaion isn’t caused by a community. It is an affect t of the entire population of the world. Every person in his own small way contributes to globalisation. A person chatting with a foreign individual on facebook and exchanging their cultures contributes to globalisation as much as a multinational corporation.
Globalisation does not have a specific place of origin. Fundamentally, globalisation has existed in our world ever since history has been recorded. It has only increased in scale and intensity.
It's not economic interdependence alone that causes globalisation. Globalisation is a combined effect of the flow of capital, commodities and ideas.