Discuss the role of technology, trade and finance capital in the process of economic globalisation. Explain briefly how economic globalisation has been responsible for global climatic change.

Economic globalization, characterized by increased interconnectedness and interdependence of national economies, is driven by various factors, including technology, trade, and finance capital. These elements play crucial roles in shaping the global economic landscape, but they also have significant implications for the environment, particularly in terms of contributing to global climatic change.

Technology in Economic Globalization:
Technological advancements, especially in communication and transportation, have been instrumental in facilitating economic globalization. The advent of the internet and improvements in transportation infrastructure have made it easier for goods, services, and information to flow across borders. This has led to the creation of a global marketplace where businesses can operate on an international scale. While technology has undoubtedly enhanced efficiency and productivity, it has also contributed to environmental challenges.

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