Class 10 Exam  >  Class 10 Questions  >  Describe the factors that have enabled global... Start Learning for Free
Describe the factors that have enabled globalisation and explain the factors also?
Most Upvoted Answer
Describe the factors that have enabled globalisation and explain the f...
Globalization is the process of increasing interconnectivity and interdependence between countries and their economies, cultures, and societies. It has been facilitated by various factors that have contributed to the growth of global trade, communication, and transportation networks. These factors can be broadly categorized into technological advancements, economic liberalization, and cultural exchange.

**Technological Advancements:**
1. **Internet and Communication Technology**: The development of the internet and digital communication technology has revolutionized global connectivity. It has enabled instant communication, facilitated the exchange of information, and allowed for the seamless integration of businesses across borders.
2. **Transportation Infrastructure**: The improvement in transportation infrastructure, such as air travel, shipping, and logistics, has significantly reduced the time and cost involved in moving goods and people across long distances. This has facilitated global trade and enabled the efficient movement of resources.
3. **Advancements in Information Technology**: The rapid progress in information technology has made it easier to store, process, and analyze vast amounts of data. This has enhanced the efficiency and effectiveness of global supply chains, financial transactions, and decision-making processes.

**Economic Liberalization:**
1. **Trade Liberalization**: The reduction of trade barriers, such as tariffs and quotas, through international agreements like the World Trade Organization (WTO), has promoted global trade. It has allowed countries to specialize in producing goods and services in which they have a comparative advantage, leading to increased efficiency and economic growth.
2. **Foreign Direct Investment (FDI)**: The liberalization of investment policies and the removal of restrictions on foreign ownership have encouraged cross-border investments. This has facilitated the transfer of capital, technology, and knowledge between countries, fostering economic development and integration.
3. **Financial Integration**: The globalization of financial markets has enabled capital to flow freely across borders, allowing companies and governments to access funding from global investors. This has increased investment opportunities, improved access to credit, and facilitated economic growth.

**Cultural Exchange:**
1. **Increased Travel and Tourism**: The ease of travel and the growth of the tourism industry have brought people from different cultures and backgrounds closer together. This has fostered cultural exchange, understanding, and appreciation, leading to the diffusion of ideas, values, and practices.
2. **Media and Entertainment**: The globalization of media and entertainment industries, through television, film, music, and the internet, has exposed people to diverse cultures, languages, and perspectives. This has contributed to the homogenization of popular culture and the spread of global trends.
3. **Migration and Diaspora**: The movement of people across borders, either voluntarily or forced by economic, political, or social factors, has led to the formation of diaspora communities. These communities often maintain strong connections with their home countries, promoting cultural exchange and facilitating trade and investment.

In conclusion, globalization has been enabled by a combination of technological advancements, economic liberalization, and cultural exchange. The interconnectedness and interdependence resulting from globalization have both benefits and challenges, shaping the modern world and influencing economies, societies, and cultures.
Community Answer
Describe the factors that have enabled globalisation and explain the f...
Factor that enable globalization are as follows:--*labour law*‎easily taxtation*‎Ability of raw material*‎Liberlisation in different country*‎Ability of different transport through out the world*‎Improvent in technology*‎Improvement in relationship between different country
Attention Class 10 Students!
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.
Explore Courses for Class 10 exam

Similar Class 10 Doubts

Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Process of integration of different countries is called

Read the extract given below and answer the questions that follows:Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. Globalisation has created more competitive environment in India. In the past two to three decades, more and more MNCs have been looking for locations around the world which would be cheap for their production. Foreign investment by MNCs in these countries has been rising. At the same time, foreign trade between countries has been rising rapidly. A large part of the foreign trade is also controlled by MNCs. The result of greater foreign investment and greater foreign trade has been greater integration of production and markets across countries. Globalisation is this process of rapid integration or interconnection between countries. MNCs are playing a major role in the globalisation process. More and more goods and services, investments and technology are moving between countries. Besides the movements of goods, services, investments and technology, there is one more way in which the countries can be connected. This is through the movement of people between countries. People usually move from one country to another in search of better income, better jobs or better education. Rapid improvement in technology has been one major factor that has stimulated the Globalisation process. Even more remarkable have been the developments in information and communication technology. Globalisation and greater competition among producers - both local and foreign producers - has been of advantage to consumers, particularly the well-off sections in the urban areas. There is greater choice before these consumers who now enjoy improved quality and lower prices for several products. As a result, these people today, enjoy much higher standards of living than was possible earlier. Globalisation has also created new opportunities for companies providing services, particularly those involving IT.Answer the following MCQs by choosing the most appropriate optionQ. Globalisation has posed major challenges for

Top Courses for Class 10

Describe the factors that have enabled globalisation and explain the factors also?
Question Description
Describe the factors that have enabled globalisation and explain the factors also? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Describe the factors that have enabled globalisation and explain the factors also? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Describe the factors that have enabled globalisation and explain the factors also?.
Solutions for Describe the factors that have enabled globalisation and explain the factors also? in English & in Hindi are available as part of our courses for Class 10. Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of Describe the factors that have enabled globalisation and explain the factors also? defined & explained in the simplest way possible. Besides giving the explanation of Describe the factors that have enabled globalisation and explain the factors also?, a detailed solution for Describe the factors that have enabled globalisation and explain the factors also? has been provided alongside types of Describe the factors that have enabled globalisation and explain the factors also? theory, EduRev gives you an ample number of questions to practice Describe the factors that have enabled globalisation and explain the factors also? tests, examples and also practice Class 10 tests.
Explore Courses for Class 10 exam

Top Courses for Class 10

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev