List of at least 5 driving forces which affect Globalization.

Then explain how each influences the

Globalization.
Answers should be specific. You may browse from the internet but paraphrase them in your own
thoughts. 
Microsoft Word should be used. 1 page only is allowed. (short bond paper).

1. Transportation-  affected globalization, as without reliable transportation across the

geographic divides, globalization would not exist. Moving people and goods is of high economic
importance, as it improves the economic welfare of a society. Transportation is a key
component of an economy, as it is a critical tool in development.Negatively affected where there
is poor transportation infrastructures. This applies to both reliability and capacity. Societies that
are transportation deficient often suffer the economic consequences that include a lower quality
of life and missed opportunities.
2. Cultural exchange- has been one of the biggest drivers of globalisation. People travel to
different countries and share their cultural beliefs and practices with each other. Through this
process, a cultural understanding takes place which drives globalisation. For example you are in
marriage. Your husband/wife is from different countries. So, cultural exchange appears. You
also adapt to her/his culture. 
3. Natural resources- massive number/amount of natural resources such as minerals, coal, oil,
gas, water are less in many places. These resources are not concentrated in one place, rather
scattered around the world. Therefore, the drive to have access to the resources encourages
companies to go around the world, and in the process contributes to the development of
globalisation.Oil and other natural resources, particularly strategically or economically important
ones, have dramatic influence on a country’s domestic politics and economy. On the one hand,
resource rich countries benefit from resource booms by receiving large revenues that are not
based on taxation. Because of these revenues, the governments or the leaders have less
incentives to engage in globalization, in- cluding inviting foreign investors, joining international
organizations and seeking foreign aid. On the other hand, as the resource curse literature
suggests, resource rich countries tend to be exposed to some adverse effects, such as slow
economic growth, authoritarianism, and civil conflicts
4.Labour availability- In order to save costs, companies look for countries that offer cheap
labour costs. Many companies
5. Technology changes- Technology is one of the key driving forces behind globalisation. This
technological revolution enables traders from remote parts of the world to sell their
products/services to customers around the world on virtual platforms. Impact of Technology on
Globalization Advancements in technology have considerably facilitated globalization. In fact
technological progress has been one of the main forces driving globalization. Technological
breakthroughs compel business enterprises to become global by increasing the economies of
scale and the market size needed to break even.