Economy? The Most Integral Aspect Essay

6. What factors contribute to globalization? The principle factor that contributes to globalization is economics. Transnational companies (Giddens et al., 2012, p. 485), for instance, have a vested interest in identifying -- and exploiting -- the most economically viable markets in which to conduct business so that they can maximize profits and reduce costs. However, there are also other factors that readily contribute to globalization, such as the exchange of global data in the form of communication. With people able to easily disseminate and receive information in virtually any part of the world -- such expedience naturally results in a reduction of national and even global barriers that were previously existent. The main forms of communication include the World Wide Web and the telecommunications (Giddens et al., 2012, p. 480).

There are also important political and economic changes that have influenced the spread of globalization. Capitalism's emergence as the dominant form of economics -- after the fall of the Iron Curtain, helped to expand the marketplace globally without any barriers.Additionally, transnational forms of government (the United Nations may be one of the most influential) also helped to pioneer globalization. Such forms of government are evinced within the private sector by international conglomerates that play a large role in global economies as well.

References

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