Globalization means interconnecting the markets and countries also. 

Factors that helped globalization are: 

1.Technology: The development in Information and Communication Technology have been even more remarkable and rapid. Rapid improvement in technology has been one major factor that has stimulated the globalization process. 

2. Transportation: As a result, goods are delivered faster across long distances at lower costs. The Internet also allows us to send instant electronic mail and talk across the world at negligible costs. 

3. Liberalization of Foreign Trade: With the liberalization of trade, businesses are allowed to make decisions freely about what they wish to import or export. 

4. Liberalization of Foreign Investment: Due to this so many companies are going to invest on new products. 

5. Political climate: We must remember that political decisions are taken in a particular context, which accounts for the economic and technological change that has already taken place.