What key factors make globalization today fundamentally different from what occurred in the past?

What key factors make globalization today fundamentally different from what occurred in the past? What key factors make globalization today fundamentally different from what occurred in the past?

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Expert Solution

Globalisation refers to integration and interaction of the different countries,different people. It connects people from various countries.

There are many key factors which make globalization today fundamentally different from what occurred in the past these are-

Advancement of technology
Political factors
Economies of scale
Different tax systems
Less restrictions on imports and exports or trade barriers
Growth strategies of Multi National Companies
Internet growth
Trade development

Conclusion - Over the last 5-10 years the globalisation has increased at an higher rate this is beacuse of technological changes, legal changes and political changes.

Rahul Sunny answered 1 year ago

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