Can you explain further and give an example of the following below? REASONS OF GLOBALIZATIONTo 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.

Globalization is the term used to describe the strengthening of international social and economic…

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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 explain further and give an example of the following below?

REASONS OF GLOBALIZATION

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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