Globalisation
Key Driving Forces of Globalisation
Developments in transportation and communication & Transnational Corporation (TNCs)
Developments in Transport: Transport systems are the means by which people, materials and products are transferred from one place to another. With the increasing mobility of goods and people, it is important to have an efficient transport network worldwide, which includes airports, seaports, railways and highways to make it possible for goods to be moved around easily. As a result, developments in transportation technology have been a key driving force of Globalisation because the new developments in transport technology like airplanes and containerization have “shrunk” the world in terms of the time taken to get from one place to another making it easier and possible for goods to be moved around the world easily, enhancing the process by which people, their ideas and their activities become interconnected or integrated.
Developments in Communication: Improvement in technology has made communications among people in different locations faster and more convenient. Telephones, e-mail, satellite technology and optical fibre systems allow information to be relayed from one end of the world to the other at a very high speed. Because of this, consumers are able to access information conveniently and efficiently, allowing people, their ideas and their activities have become interconnected and integrated, which is what Globalisation is about. Furthermore, advances in communication technology allow TNCs to coordinate and control their worldwide activities easily and more efficiently, allowing more people, their ideas and their activities to become even more integrated and interconnected.
TNCs: TNCs drive Globalisation by setting up operations in a number of countries outside their home country. This is done so as to source for new markets, lower the cost of producing their goods or to source for components before assembling their products in another
Developments in transportation and communication & Transnational Corporation (TNCs)
Developments in Transport: Transport systems are the means by which people, materials and products are transferred from one place to another. With the increasing mobility of goods and people, it is important to have an efficient transport network worldwide, which includes airports, seaports, railways and highways to make it possible for goods to be moved around easily. As a result, developments in transportation technology have been a key driving force of Globalisation because the new developments in transport technology like airplanes and containerization have “shrunk” the world in terms of the time taken to get from one place to another making it easier and possible for goods to be moved around the world easily, enhancing the process by which people, their ideas and their activities become interconnected or integrated.
Developments in Communication: Improvement in technology has made communications among people in different locations faster and more convenient. Telephones, e-mail, satellite technology and optical fibre systems allow information to be relayed from one end of the world to the other at a very high speed. Because of this, consumers are able to access information conveniently and efficiently, allowing people, their ideas and their activities have become interconnected and integrated, which is what Globalisation is about. Furthermore, advances in communication technology allow TNCs to coordinate and control their worldwide activities easily and more efficiently, allowing more people, their ideas and their activities to become even more integrated and interconnected.
TNCs: TNCs drive Globalisation by setting up operations in a number of countries outside their home country. This is done so as to source for new markets, lower the cost of producing their goods or to source for components before assembling their products in another