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Define Globalization, Explain any three causes of Globalization.

Answer:

Globalization is a process by which the planet earth is considered to be one single unit where social and economic interaction among the people are based on interdependence. The world is considered to be a global village with global issues and problems, likely to be talked with global efforts and co-operation.

Causes of Globalization:

1. Modem technology: The invention of the telegraph, telephone and die microchip in recent times has developed the communication among different countries of the world. Due to technology whole world has become a Global Village.

2. Expansion of industrialization and multi-national comparisons is also responsible for the development of globalization.

3. Establishment of worldwide institutions is also responsible   for the development of globalization. For example, U.N.O was established in 1945. It is an international system of states committed to the cause of universal welfare and upliftment. United Nations tries to fight against natural calamities as well as man-made problems.

4. Competitive economy is another important cause of globalization. The developing countries are trying to complete with the developed countries.

5. The declining relevance of geographical distance and the insignificance of territorial boundaries are also important cause of globalization.