The main causes of global market integration are advances in communications and transportation technology, post-war trade liberalization through GATT and WTO, the growth of foreign direct investment, the spread of the internet and digital commerce, deregulation of financial markets, and deliberate policy choices by governments to open their economies to international competition.
Why Did Markets Become Global? Global market integration did not happen spontaneously or inevitably. It was driven by a combination of technological change, deliberate policy choices, and economic forces that together made it cheaper, faster, and more profitable to trade across borders. Understanding these causes is essential for anyone studying what globalization of markets means and how it has developed over time. It also helps explain why globalization has accelerated in some periods and stal