Explain the key drivers of globalization

 · The primary drivers of globalization are rapid advancements in technology, culture, economics and politics. With each passing year, the speed at which transactions take place and the spreading influence of cultural forces serve to integrate international societies. The most prominent driver of this trend is the advancement of www.doorway.ruted Reading Time: 2 mins. If we take the first driver of globalization, the integration of the global economy has mainly been due to the rapid spread of IT and communications that enabled countries like India and China to circumvent hitherto aspects that were holding them back. In other words, the increasing interconnectedness was driven by real time communication between the West and the East which enabled these countries to .  · The drivers of globalization are the reduction of barriers to international trade, increased consumer demand, lowered costs of shipping and production, and technological advancements in.

Explain the drivers of globalization and how they impact business decisions. Differentiate between domestic and international business environments. Describe the factors that contribute to international market attractiveness and entry. Scenario. You are a business analyst working at a small domestic organization that produces high-quality. The main drivers that have helped globalization to expand and deepen over the past years have been technological revolutions such as the widespread use of Internet and the ease of trans-boundary travelling, the creation of international institutions that encourage free trade by removing trade barriers, the establishment of multinational corporations which seek to increase their profits by taking advantage of what globalisation has to offer (Economics for business 5th edition John Sloman p. The media and almost every book on globalization and international business speak about different drivers of globalization and they can basically be separated into five different groups: Technological drivers. Political drivers. Market drivers. Cost drivers. Competitive drivers.

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