Answer to Question #9610 in Macroeconomics for Kris Tully

Question

What are the underlying forces that have accelerated the process of globalisation in recent decades and are continuing to do so?

Answer 1

The underlying forces that have accelerated the process of globalization in recent decades and are continuing to do so are the following:
information and communication technology progress;new financial technologies;growth of the international capital market;changes in thinking (the transition from local to international and global) of managers and senior officials of various companies and institutions;culture development that is reflected in the globalization of the media.