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 …

…evident in the recent spread of SARS in China. From all the information we got, people in North America knew more about SARS in China than people in China. As a result many business opportunties were lost and many of them, mainly those related to textiles went to India, which was more open about the epidemic. All this forced the Chinese administration to take a more serious stand regarding the lives of its own citizens.