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Mention any two factors that have facilitated the globalisation process. - Economic Applications

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Question

Mention any two factors that have facilitated the globalisation process.

Short Answer
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Solution

  1. Technology: Improved transport and information‑communication (internet, mobile, computers) that speed up trade, delivery, and information flow.
  2. Liberalisation: Removal of trade, capital, and investment controls enabling more unrestricted movement of goods, capital, and MNC activity across borders.
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Chapter 13: Globalisation - QUESTIONS [Page 182]

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J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 13 Globalisation
QUESTIONS | Q 3. | Page 182
J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 12 LPG Model (or New Economic Policy)
QUESTION | Q 3. | Page 196
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