The greatest factors in globalisation are

The greatest factors in globalisation are

• A. Interdependence (general)
• B. Advances in transportation and communication technology
• C. Injections
• D. Open economy

Answer: (B)

Globalisation is driven by the ability to move goods, information, and capital across borders quickly and cheaply. The biggest factor is advances in transportation and communication technology. Improvements in shipping—containerization, faster vessels, better logistics networks—and in air cargo cut travel times and costs, making it feasible to source components from around the world and to produce where it makes the most sense. At the same time, breakthroughs in communication—the internet, mobile networks, satellite links, and real-time data sharing—let firms coordinate complex global operations, manage supply chains, and access customers anywhere. This combination collapses distances and raises the value of cross-border connections, fueling widespread economic integration. Interdependence arises as a consequence of this integration—countries become more connected so events in one place affect others. An open economy describes a policy stance or state of allowing international trade and capital flows; it helps globalization, but it’s not the primary engine. Injections are macroeconomic flows within a country and don’t explain why globalization spreads globally.

Globalisation is driven by the ability to move goods, information, and capital across borders quickly and cheaply. The biggest factor is advances in transportation and communication technology. Improvements in shipping—containerization, faster vessels, better logistics networks—and in air cargo cut travel times and costs, making it feasible to source components from around the world and to produce where it makes the most sense. At the same time, breakthroughs in communication—the internet, mobile networks, satellite links, and real-time data sharing—let firms coordinate complex global operations, manage supply chains, and access customers anywhere. This combination collapses distances and raises the value of cross-border connections, fueling widespread economic integration.

Interdependence arises as a consequence of this integration—countries become more connected so events in one place affect others. An open economy describes a policy stance or state of allowing international trade and capital flows; it helps globalization, but it’s not the primary engine. Injections are macroeconomic flows within a country and don’t explain why globalization spreads globally.