Factors Lead To Globalisation

# Factors that have enabled Globalisation

• Role of transport technology.
• Role of ICT ( Information Communication Technology ).
• Increase in Foreign Trades.

# Advantages & Disadvantages OF Globalisation :-

# Advantages :-
• Globalisation has created world wide markets.
• More jobs are created in the informal sector.
• There has been cultural changes all over the world.
• It has Boosted Economic Growth.
• There has been rapid Technological Development.
• The service sector has increased phenomenally.
• There is an increased in Standard in Leaving.
• Availability of Various Goods and Services.

# Disadvantages :-
• Increase in Inequality.
• Rise in Unemployment. Ex. Decrease in formal sector jobs.
• Imbalance in Trade.
• Environmental Degradation.
• Rise in Cyber Crimes.
• Exchange of communicable diseases.