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Drivers Of Globalization Analysis

2510 Words11 Pages

1.0 Introduction

This assignment is mainly focus on the Globalization of the world economy. At the beginning of the assignment I have given a brief discussion about what is Globalization & middle of the assignment it is all about the drivers of the Globalization. The drivers of the Globalization include two main factors as declining of the trade barriers & technological developments. At the end of the assignment I have divided the essay in to two main areas as one to describe the benefits of the Globalization & one to describe the cost of globalization. In those divisions I have discussed the factors by focusing on the perspective of country & perspective of the business.

2.0 What is Globalization :-

The globalization …show more content…

Because some people argue that globalization help poor countries to become economically good state & make their living standards improve ,while others arguing that the creation of the free market concepts enable developed countries to make more money at the expense of poor countries resources, labour & cultural unbalances. So some part of the world helping globalization concepts & others resisting the concepts of globalizations, Actually most of them trying to see a balance between pros & cons of the globalization for example governments trying to manage the trading concepts based on the governmental objectives by creating new …show more content…

So companies are trying to find cheap ways of sourcing goods & services from all around the world. For example most of the business which are based on developed countries shifting their manufacturing plants to other non developed countries by focusing the cheap labour cost & some are using third party suppliers from different countries due to the low cost of raw materials (education-portal.com, 2014).

• Globalization of Markets

This is all about focusing on global market rather than focusing on selling goods in home country. So the market globalization is the reduction of barriers & restrictions to the international trade & it will enable the companies to make their business strategies globally by considering different cultures & different business conditions of the world. So it shows us the entire world as a huge one market & people of the world are starting to convert into a common business solution.
3.0 Drivers of the Globalization :-
We can point out two main factors when consider about the drivers of the globalization (Hill,

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