Technology is one of the key driving forces behind globalisation. This shows that the importance of free movement of goods is well recognised by countries around the world. It has indeed completed some of the agreements so far.

The UK has come out of the European Union however, has conducted consultations on potential future trade agreements with other countries. The EU, the USA, and the UK have free trade agreements with many countries. China is a very good example in this regard. Interestingly, countries which were very hostile or unfriendly to foreign investment few years ago, are inviting other countries for inward foreign direct investment (FDI). Many of the world trades are currently done through free trade, bilateral, and multilateral agreements. This also drives globalisation significantly. This happens in many parts of the world on a daily basis. Likewise, goods can be transported beyond the national borders on the same day. A business man from London can go to Paris to do his ‘business’ and come back to London on the same day. Airlines, ships, large vehicles, and others have improved the delivery time of products to and from abroad. People can move around it fairly quickly due to improved transportation systems. No wonder why Indian/Bengali curries, and Chinese takeaways are so popular in the UK! Likewise, now wonder why people around the globe are crazy for American burgers, softwares, movies, and many more!Īmong the factors that have contributed to globalisation, improved transportation system is a key one. Today, the same smart phones whether they are iPhone, Samsung, HTC, or Sonny Xperia, are liked and used by people around the world. Through this process, a cultural understanding takes place which drives globalisation.

People travel to different countries and share their cultural beliefs and practices with each other. The driving forces behind globalisation (Factors that have contributed to globalisation)Ĭultural exchange has been one of the biggest drivers of globalisation. Cultural exchange, improved transportation, low barriers to trade, technological changes, natural resources, and labour availability to name but a few. So, what are the factors that have contributed to globalisation? Well, a number of factors should be considered in this regard. McDonald’s, Burger King, KFC, Subway, Kellogg’s, Wal-Mart, Unilever, Tesco, Nestle, Coca Cola, and Pepsi are some of the best examples in this regard.Īs mentioned above, globalisation has increased the production of goods and services throughout the world. Many companies have gone beyond their national borders to have operations, even in remote corners of the world. There is no doubt that the production of goods and services has increased around the world due to globalisation.

This article aims to examine the driving forces behind globalisation.

What are the driving forces behind globalisation?īy: M Rahman | Tags: Global Business Issues

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