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Globalisation: The Four Major Drivers Of Globalization

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Globalisation is a complex phenomenon that involves different trends and tendencies in economic, social and cultural spheres worldwide (Bertucci & Alberti 2001). Looking at it from the economic angle, it is the increasing internationalisation of the emerging global economy (Rodrigo, 2015). Rodrigo (2015) furthermore affirmed that globalisation is dynamic and unpredictable but not disorderly. Globalisation is driven by some factors, however, there is divergent opinion on the drivers of globalisation, while there is a general believe that technological innovation and entrepreneurship are the two major forces behind globalisation, Bertucci & Alberti (2001) argued that technological innovation, global social networks, entrepreneurship and liberalisation of trade and investment are the four major drivers …show more content…

Furthermore, experience is becoming of limited value because new knowledge is required to be productive with new technology (Kandampully, 2002; Pathirage et al., 2008). Although, technological innovations are transforming organisations by promoting enhanced customer satisfaction, job creation, and generally increasing the growth of economies, infrastructure and trade (Sheth and Sinha, 2015). However, it has worsened the existing unemployment statistics through job losses as a result of the increased preference for skilled labour over the low-skilled labour. Past studies also identified the cases of overwork, intrusion of work into home life, and social isolation and integration as problems arising from the adoption of technological innovation in organisations (Goldberg & Pavcnik, 2007; Grimshaw 2007) which are often

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