What are the factors which stimulated the globalisation process?

1.	What are the factors which stimulated the globalisation process?
Answer» The following factors have stimulated the globalisation process.\tImprovement in transportation:\xa0In the last fifty years, there have been a lot of improvements in transportation technology. This has made faster delivery of goods across long distances possible, at lower costs.\tDevelopment in information and communication technology:\xa0Technology in the areas of telecommunication and computers has been advancing rapidly.\tTelecommunication:\xa0Telecommunication facilities like telephone, telegraph, mobiles, fax are used to connect people in the world. This has been made possible due to satellite communication devices.\tComputers:\xa0They have now entered almost in every field of activity. In the amazing world of internet, we can obtain and share information on almost anything.\tInternet:\xa0Internet also allows us to send instant electronic mail (e-mail) and talk (voice mail) across the world at negligible cost. Even the payment of money from one bank to another can be made through e-banking. Rapid improvement in technology has been one major factor that has stimulated the globalisation process. For instance, the past fifty years have seen several improvements in transportation technology. This has made much faster delivery of goods across long distances possible at lower\xa0costs.

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