The rapid growth of globalization and global trade are a result of:

Question

Quizplus · Accepted Answer

The rapid growth of globalization and global trade is a result of all of the above factors - information technology, transportation and rising global incomes. Information technology has facilitated the exchange of information and made communication easy, while transportation has improved, enabling goods and services to be easily transported across borders. Rising global incomes have also contributed to the growth of globalization and global trade, as people have more money to spend and demand for goods and services has increased.

The Rapid Growth of Globalization and Global Trade Are a Result