Question

Mention any two causes of Globalization.

Hint:

When asked about the causes of globalization, technology is always a key point. Think about how the internet, mobile phones, and faster airplanes have made the world a "smaller" place.

Answer 1

Step 1: Understanding the Concept:
Globalization is the process of rapid integration or interconnection between countries. It involves the increased flow of ideas, capital, commodities, and people across the globe. This process is driven by several factors.
Step 2: Detailed Explanation (Two Causes):
Two major causes of globalization are:
1. Technological Advancements: This is the most significant driver. The revolution in communication technology (e.g., the internet, microchips, telephones, satellites) and transportation has made it cheaper, easier, and faster to connect with people and move goods across the world. Information can be shared instantly, facilitating global trade and cultural exchange.
2. Liberalization of Trade and Investment Policies: After the end of the Cold War, many countries adopted policies of economic liberalization. They reduced tariffs, dismantled trade barriers, and opened their economies to foreign investment. International institutions like the World Trade Organization (WTO) have also played a crucial role in creating rules that facilitate international trade.
Step 3: Final Answer:
Two primary causes of globalization are the revolution in communication and transportation technology, and the worldwide adoption of economic liberalization policies that reduced barriers to international trade and investment.