● Globalization is a multidimensional concept and there is no single factor that has led to it.

● However, a major element of globalization is technology.

● The invention of the telegraph, the telephone and the microchip in recent times has provided better communication between different parts of the world.

● The introduction of printing led to the creation of nationalism.

● Technology has not only affected our personal but our collective lives as well.

● The movement of people and commodities has been made possible by technological advances.

● The pace of this flow may vary.

● The movement of capital and commodities will be quicker and wider than the movement of people across different parts of the world.

● It is also equally important for the people living in different parts of the world to recognize these interconnections with the rest of the world.

● Now the people are aware of the events taking place in another part of the world and how they could affect them.

● For example tsunami and bird flu are not restricted to one particular Nation and it does not have any national boundary.

● Similarly, any major economic event which takes place has an impact outside the immediate local, national or regional environment at a global level.