Describe three factors that have led to the recent push toward globalization

Answer 1

The three factors cited in the text for the most recent push toward globalization are (1 ) the end of the Cold War, (2 ) advancing technology, and (3 ) policy changes that express an openness toward freer markets and long-distance trade. The end of the Cold War contributed to increased globalization because a political barrier that had once stood between certain groups of countries (separating the world into capitalist and communist countries) was no longer there. Technological advances, particularly in the area of communications, have allowed information and ideas to travel rapidly throughout the world. This has allowed even those people in developing countries to have access to information regarding prices and other important information which serves to enhance trade. Lastly, in recent years governments around the world have shown an increasing tendency to reduce trade restrictions and allow for trade between countries that at one time were barred from trading with one another.