Question

What is the main cause of Globalization ?

• A. Technology
• B. Economic development
• C. Technology and economic development both
• D. None of the above

Hint:

Think of technology as the engine of globalization, and economic policies (driven by the desire for development) as the fuel. Both are essential for the process to occur.

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
Globalization refers to the increasing interconnectedness of the world's economies, cultures, and populations. This process is driven by multiple factors.
Step 2: Detailed Explanation:
Let's analyze the factors:
Technology: This is a critical enabler of modern globalization. Advances in communication (e.g., the internet, satellites) and transportation (e.g., container shipping, air travel) have made it possible to move goods, capital, and information across the globe quickly and cheaply.
Economic Development: This is both a cause and an effect. The pursuit of economic development and prosperity drives countries to adopt policies that encourage globalization, such as reducing trade barriers (liberalization) and opening up to foreign investment. These policies are a direct cause of increased global integration.
Since both technology (the means) and the pursuit of economic development (the motive) are fundamental drivers, the most comprehensive answer is that they are both main causes.
Step 3: Final Answer:
Globalization is primarily caused by technological advancements that facilitate global connectivity and by the drive for economic development which encourages countries to adopt open economic policies.
Therefore, option (C) is the most accurate answer.