ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Two of the main factors that have facilitated globalisation are:
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Movement of labour across borders and growth of MNC’s.
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High economic growth rates and technological change.
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Trade liberalisation and growth in tourism.
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Technological change and trade liberalisation.
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Explanation:
Detailed explanation-1: -There are four main Factors contributing to Globalisation: information technology. economic factors. cultural factors.
Detailed explanation-2: -Three suggested factors accelerated economic globalization: advancement of science and technology, market oriented economic reforms, and contributions by multinational corporations.
Detailed explanation-3: -Containerisation. Technological change. Economies of scale. Differences in tax systems. Less protectionism. Growth Strategies of Transnational and Multinational Companies. 06-Sept-2022
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