Contributors to globalisation

Invention of new technologies that facilitate access to new markets and opportunities: ​ (a)  

• Technological changes
• Resolution of global political conflicts
• Changed development strategies
• Trade and investment liberalisation
• Market potential of developing countries
• Market-friendly policies
• Multi-national corporations
• Regional trading blocs
• Non-government institutions

Development of international bodies to facilitate trade and financial stability: ​ (a)  

• Resolution of global political conflicts
• Changed development strategies
• Trade and investment liberalisation
• Market potential of developing countries
• Market-friendly policies
• Multi-national corporations
• Regional trading blocs
• Non-government institutions
• Technological changes

Coordination between countries (located close to one another) to remove trade barriers: ​ (a)  

• Resolution of global political conflicts
• Changed development strategies
• Trade and investment liberalisation
• Market potential of developing countries
• Market-friendly policies
• Multi-national corporations
• Regional trading blocs
• Non-government institutions
• Technological changes

Corporations that create a competitive advantage through global supply chains: ​ (a)  

• Resolution of global political conflicts
• Changed development strategies
• Trade and investment liberalisation
• Market potential of developing countries
• Market-friendly policies
• Multi-national corporations
• Regional trading blocs
• Non-government institutions
• Technological changes

Changes to internal market rules to bring greater competition (privatisation & deregulation): ​ (a)  

• Resolution of global political conflicts
• Changed development strategies
• Trade and investment liberalisation
• Market potential of developing countries
• Market-friendly policies
• Multi-national corporations
• Regional trading blocs
• Non-government institutions
• Technological changes

Realisation of new markets and as poorer countries experience higher economic growth and wealth: (a)  

• Resolution of global political conflicts
• Changed development strategies
• Trade and investment liberalisation
• Market potential of developing countries
• Market-friendly policies
• Multi-national corporations
• Regional trading blocs
• Non-government institutions
• Technological changes

Removal and changes to barriers impacting on international trade and investment: ​ (a)  

• Resolution of global political conflicts
• Changed development strategies
• Trade and investment liberalisation
• Market potential of developing countries
• Market-friendly policies
• Multi-national corporations
• Regional trading blocs
• Non-government institutions
• Technological changes

Changes in the ways economies operate (from command-based to market-based): ​ (a)  

• Resolution of global political conflicts
• Changed development strategies
• Trade and investment liberalisation
• Market potential of developing countries
• Market-friendly policies
• Multi-national corporations
• Regional trading blocs
• Non-government institutions
• Technological changes

Settling of global tensions that lead to enhanced trust and cooperation amongst countries: ​ (a)  

• Resolution of global political conflicts
• Changed development strategies
• Trade and investment liberalisation
• Market potential of developing countries
• Market-friendly policies
• Multi-national corporations
• Regional trading blocs
• Non-government institutions
• Technological changes

What is an example of a technological change that facilitates globalisation?

• Television
• The internet
• Advanced weaponry

• Typewriters