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Discuss five characteristics of globalization

Discuss five characteristics of globalization.

Answers

Abdullahi
1. It has increased the flow of goods and services; for instance knowing the need of given nation to ease the export and import of goods freely.

2. Increase mobility of people internationally either through job opportunities, tourism and education.

3. Increased mobility of capital i.e. the use western union money order has enhanced receiving and sending of money worldwide with ease.

4. Rapid change and transformation that is revolutionary i.e. using social media has transformed the way of life from ancient ones.

5. Growing influence of information and communication technologies i.e. the use of decoders that tries to link nations worldwide i.e. the use of Digital Satellite Television. For example one can easily access the any useful information from anywhere in the globe.

6. It has generated new wealth like special doctors from advanced Nations who go seek well-paying jobs in other developed countries. This is in the case of brain drain.

7. Globalization is a byproduct of advances in science. Is through globalization science has been brought up. Through discoveries copied from other nations, a country can use it to develop its activities which it couldn’t have known before globalizing.

8. Growing force of liberalization where trade tariffs, licensing and trade restrictions have been removed so as to enhance free trade.
Dullayo answered the question on May 21, 2018 at 11:35

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