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With reference to a range of examples, discuss the factors which are assisting the process of globalisation.

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Introduction

30.11.08 Past essay question- Globalisation With reference to a range of examples, discuss the factors which are assisting the process of globalisation (15 marks) Globalisation is the trend for business to be international or world wide in scope or application. The world is becoming to be a viewed as an integrated system in which all elements being interdependent and linked, this is also called a global village as the restrictions of time and space have been reduced. There are many factors which are assisting this process of globalisation, one of the most significant being the growth of TNC's (transnational corporations).TNC's such as Del Monte have factories and plantations all over the world this can be illustrated by one of their many products, bananas. ...read more.

Middle

Another factor which has assisted the process of globalisation is the development of communication and information technologies. For example in the past 20 years the development of the internet has meant that it is now easier and quicker for businesses to communicate and have links with other countries. This can also be done by video conference calls which allow meetings to take place without have to fly abroad to attend them, this saves companies valuable time and therefore money. For example in London it is possible to talk to countries in the east and the west during the working day at convenient times for these places. ...read more.

Conclusion

It maintains a common trade policy, agricultural and fisheries policies, and a regional development policy.These polices mean that countries become more interdependent on each other and develop their ecnonmics. A further factor which has assisted the process of globalisation is the development and improvement of transport links .This means that companies and businesses can reach their destinations much quicker than in past, these increases the companies profits who can then in turn invest in other countries increasing the process of globalisation. In conclusion the process of globalisation is not a simple process caused by a single factor, its complex with many influences not just including the growth if TNC's , the growth of IT, trade bloc and transport links. ...read more.

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