For the settlement of the disputes and providing the guidelines on the international matters World trade organization was established, for the governance of global health and disease world health organization (WHO) was established, World Meteorological Organization was established as the specialized agency of the United Nations (UN) for collecting the information and monitoring the trends of the Earth’s atmosphere and its interaction with lands and ocean and the European Union (EU) was established with the motive of promotion of human rights, trade, humanitarian aid, and development, etc. Many international organizations have been established in the past for different reasons considering many of the countries of the world. Globalization not only took place in different industries but there also exists diplomatic globalization. Satellite television also helps in spreading the cultures globally as the shows of the one country will also be broadcasted in many other countries of the world.
The Silk Road which was made to encourage trade between China and the countries around the Mediterranean Sea will not only flourish the trade between these countries but at the same time also allow the exchange of culture and knowledge. Like, the Greek culture is being spread over Africa, Asia, and Europe which can be seen in the cities having the name of Alexander in Africa, Turkey, and Egypt.
#Examples of cost drivers in globalization free#
Start Your Free Investment Banking Courseĭownload Corporate Valuation, Investment Banking, Accounting, CFA Calculator & others Example 1 – Cultural GlobalizationĬultures are also being spread without confining to political boundaries.
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