The "shrinking" of time and space as air travel and the electronic media have made it much easier for the people of the globe to communicate with one another
Technology
Low cost communication networks help create electronic global market places; low cost transportation enables firms to create global markets and facilitate the movement of people from country to country promoting a convergence of consumer tastes and preferences
Increasing tendency of the economics of the world to interact with one another as one market instead of many national markets
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