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Lesson 2 - What factors have led to the acceleration of globalisation -…
Lesson 2 - What factors have led to the acceleration of globalisation
The Roman Empire managing to trade with countries all over Europe and North America
Transport
British technological advances overseas and inland
Budget airlines became more popular
Growth in containerisation
GIS + GPS
GPS satellite in 1970 - now 24 in orbit 100km above earth
International Organisations
IMF - loans from rich countries and given it to countries who need the help. World Bank being similar as they offer loans to poorer countries
Computer and internet technology
Much easier for companies to locate
Connect people via emails and video call
Manufacturing less reliant on labour due to advanced machinery
Transnational corporation
Firms with operations across the globe
Freely connected
Electronic banking
Allowed globalisation in retail markets
Banks using online operations to expand foreign markets
Fibre optics
Super fast internet connection
Delivered by cables in the ground
Social networking
Allowed people to be better connected without being near eachother
Spread ideas to different parts of the world
Mobile phones
Enable communication and access to internet wherever