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Two major drivers of greater globalization have been the decline in trade barriers and developments in new technology.
Member rating: No Rating | Words: | Submitted: Mon Dec 22 2003
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Introduction 1 Introduction 1.1 Introduction A fundamental shift is occurring in the world economy. National economies are moving away from being relatively isolated from each other by barriers to cross-border trade and investment; by distance, time zones, and culture. This shift is described as globalization (Solberg 1997). Two major drivers of greater globalization have been the decline in trade barriers and developments in new technology. The decline in trade barriers enable companies to view the world as their market, rather than just looking at their domestic market. Technological changes with advances in communications, transportation technology and most recently the emergence of the Internet and the World Wide Web, have rapidly lowered the costs of global communication. Both the decline in trade barriers and the developments in new technology contribute to making...
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