Globalisation is the development of one single market for whole world
Reasons for Globalisation:
1.Increase in the number of multinational companies operating worldwide that deal in similar services in many different countries.
2.Business willing to sell in more than one country and explorinb new markets for goods.
3.Improvements in Technology leading to computerized transactions.
4.Lower costs of transport
5.Changes in consumer tastes.
6.Growth of new markets
7.Creation of trading blocs which amalgate regions into a single economy e.g European Union,SADC,SAARC,ASEAN
Reasons for Globalisation:
1.Increase in the number of multinational companies operating worldwide that deal in similar services in many different countries.
2.Business willing to sell in more than one country and explorinb new markets for goods.
3.Improvements in Technology leading to computerized transactions.
4.Lower costs of transport
5.Changes in consumer tastes.
6.Growth of new markets
7.Creation of trading blocs which amalgate regions into a single economy e.g European Union,SADC,SAARC,ASEAN
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