Can you give an example (Philippines) that is easier to understand about "Reasons of Globalization?" REASONS OF GLOBALIZATIONRapid shrinking of time and distance across the globe.Domestic markets are no longer rich.Companies and institutions go global to find political and economic stability.To get technological and managerial know-how of other countries due to their advancement.To reduce high transportation costs if one goes globally.To be close to raw materials and to markets for their finished products.The creation of the World Trade Organization (WTO) had made it possible in stimulating increased cross border trade.

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9th Edition

ISBN:9780134746241

Author:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa

Publisher:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa

Chapter1: The Study Of Minerals

Section: Chapter Questions

Problem 1LR

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Can you give an example (Philippines) that is easier to understand about "Reasons of Globalization?"

REASONS OF GLOBALIZATION

Rapid shrinking of time and distance across the globe.
Domestic markets are no longer rich.
Companies and institutions go global to find political and economic stability.
To get technological and managerial know-how of other countries due to their advancement.
To reduce high transportation costs if one goes globally.
To be close to raw materials and to markets for their finished products.
The creation of the World Trade Organization (WTO) had made it possible in stimulating increased cross border trade.

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