Globalization drivers definition

 · Identify and analyse the key drivers of the process of globalisation over the last twenty years. During the mid ’s the International Monetary Fund has defined globalisation as: ‘The growing interdependence of countries world-wide through the increasing volume and variety of cross-border transactions in goods and services and of international capital Estimated Reading Time: 11 mins.  · 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.  · The four main areas of drivers for globalisation are market, government; cost and competition (see Figure 1). These external drivers affect the main conditions for the potential of globalisation across industries, which are mainly uncontrollable by individual firms.

Drivers of Globalization. The key factors seem to underlie the trend towards the increasing globalization of markets and production are the decline of barriers to trade and investment and the role of technological changes. 1. Decline of Barriers to Trade and Investment. Identify and analyse the key drivers of the process of globalisation over the last twenty years. During the mid ’s the International Monetary Fund has defined globalisation as: ‘The growing interdependence of countries world-wide through the increasing volume and variety of cross-border transactions in goods and services and of international capital flows, and also through the more rapid and widespread diffusion of technology ’ (Turner, ). 2 Drivers of Globalization. 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: 1) Technological drivers. Technology shaped and set the foundation for modern globalization.

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