Answer:
(i) Information technology: Advances in technology have made it possible to share and process information among nations and people regardless of geographic location. The Internet has transformed commerce by creating new ways for retailers and their customers to complete transactions. Internet-based communication system made things easier. (ii) World Trade organization: The World Trade Organization plays a vital role in reducing barriers to trade in services and goods. Globalization has encouraged countries to negotiate trade agreements. Countries engaging in trade agreements increase access to foreign markets of their products. Many countries choose to become members of this organization to increase prosperity and their potential for achieving economic growth. (iii) Human migration: Human migration involves physical movement of humans from one area to another. Since World War I the costs of migration have continued to decline. The lower costs have made it easier for individuals to travel to other nations. Reasons that people choose to move their families to another country include wars, political conflicts or seeking better employment opportunities. (iv) Transportation: Transportation is necessary to connect international trade with domestic consumption and production. Improvements in transportation have made it possible to deliver fresh items quickly to other countries. Ocean cargo carriers are capable of delivering up to 150,000 tons of goods to locations around the globe.
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