Driving forces behind globalisation
• Opening up of national markets.
• Cut-back of trade restrictions (e.g. through GATT).
• Speedy and cheaper overcoming of distance, thanks to technical progress in transport,
telecommunication and information technology (Internet).
• Privatization of state-controlled economic enterprises.
• Liberalization of the international flow of capital.
Photo:
Nokia creates
a “Silicon Valley”
in
Rumania
