What causes Globalization.

The book I am reading now, Lexus and the Olive direct 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 can communicate cheaply. Innovations in miniaturization have made computers, pagers and cell phones easy to stick out and affordable. Due to this the potential for wealth creation has become more(prenominal) geographic anyy dispersed. An example he gives for this is the call centers run in India. The back offices of various western companies are now determined in India, outcomeing in more jobs.

The Democratization of Finance

After the cold state of warfare most international lending was done by massive commercial banks and insurance companies. Now companies offer bonds directly to the node which could be you and me frameing through our 401(k) plans. As a result countries 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 Democratization of Information

In the post cold war era, most Governments controlled the tuition that was distributed to the public.



With the launch of many communication satellites, the second of information channels purchasable increased dramatically and is available to anyone with a dish antenna or a credit line subscription. With the advent of Internet, information is available anytime on-demand.

He says that due to all these factors you cannot supress information anymore or pretend that you did not see 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 mixed-up and many...

If you want to get a full essay, order it on our website: Orderessay



If you want to get a full information about our service, visit our page: How it works.