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What Causes Globalization
The book I am reading now, Lexus and the Olive Tree by Thomas L. Friedman explains three major factors for the spread of globalization
The Democratization of Technology
Now, due to developments in communication technology, you can communicate cheaply. Innovations in miniaturization have made computers, pagers and cell phones easy to carry and affordable. Due to this the potential for wealth creation has become more geographically dispersed. An example he gives for this is the call centers run in India. …
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