Topic 2: Factors On The Rise Of Globalization Flashcards
It is a factor. Rapid innovations in communication (e.g., the internet, smartphones) and transportation (e.g., airplanes, shipping) have made global connectivity faster, easier, and more efficient.
Advancements in Technology
It is a factor. Policies promoting free trade, open markets, and reduced tariffs have facilitated the movement of
goods, services, and capital across countries.
Economic Liberalization
It is a factor. Expansion of multinational corporations (e.g., Apple, Toyota) has driven cross-border investments and supply chains.
Global Trade and Investment
It is a factor. The spread of global media and entertainment (e.g., Hollywood films, K-pop) has created shared cultural experiences and increased global awareness.
Cultural Exchange and Media
It is a factor. The formation of international organizations (e.g., United Nations, International Monetary Fund)
fosters cooperation on global issues like climate change, trade, and security
Political Developments
It is a factor. Increased migration and outsourcing have created a global workforce, with skilled labor moving across borders to meet market demands
Global Labor Markets
It is a factor. Faster and more cost-effective modes of transport, such as container shipping and low-cost airlines, have facilitated the movement of goods and people.
Transportation Innovations
It is a factor. International collaboration in education and research, along with the rise of global universities, promotes the exchange of ideas and innovation.
Education and Knowledge Exchange
It is a factor. Issues like climate change, pandemics, and natural resource management require global cooperation, driving international policies and initiatives.
Environmental Challenges
It is a factor. Businesses and consumers demand diverse products and services, fostering competition and market expansion globally.
Globalization of Markets
