What causes Globalization.

The book I am reading instantaneously, Lexus and the Olive exact by Thomas L. Friedman explains three major factors for the spread of globalization The democratisation of Technology Now, due to developments in communication technology, you atomic number 50 communicate cheaply. Innovations in miniaturization have made computers, pagers and prison cell phones easy to stick out and affordable. Due to this the potential for wealth creation has become more(prenominal)(prenominal) geographic anyy dispersed. An example he gives for this is the nominate centers run in India. The back offices of various western companies atomic number 18 now determined in India, outcomeing in more jobs. The democratization of Finance After the cold state of warfare to the highest degree international lending was done by massive mercenary banks and insurance companies. Now companies offer wedges directly to the node which could be you and me frameing through our 401(k) plans. As a result c ountries and companies are now dealing with people whom they dont know set(p) in various countries. If a country or fraternity did not perform the bond holders would sell off their shares and invest money in countries and companies that performed. The democratisation of Information In the post cold war era, around Governments controlled the tuition that was distributed to the public.

With the launch of many communication satellites, the second of randomness channels purchasable increased dramatic wholey and is available to anyone with a dish antenna or a credit decline subscription. With the advent of Internet, information is available anytime on-demand. He says that due to all in all these factors you cannot supress inform! ation anymore or pretend that you did not chink it. This was seeming(a) in the recent spread of SARS in China. From all the information we got, people in North America knew more about SARS in China than people in China. As a result many business opportunties were woolly and many... If you want to get a full essay, order it on our website: OrderEssay.net

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