global business

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Global Business

Question one

Drivers of Market Globalisation . Discuss five drivers of market globalization . Should be mentioned with proper case

Worldwide reduction of barriers to trade and investment

Globalization has been driven by the lifting of barriers to trade and investment . Nations all over the world have been reducing trade restrictions in the recent past . This has not only entailed international trade but also foreign direct investment (FDI . For instance , China and India have just recently emerged

as world leading economic powers largely because they have opened up their borders to foreign direct investments and drastically eased the trading restrictions that were initially in place (Held 2002 . Currently , it is possible to invest in China without fear of restrictions . Today , China is home to internationally acclaimed investment companies because most organizations view the world as their market and can plan production assembly , and other processes to be carried out in different countries where the relative costs of production are favorable . BP , for instance now has global operations because of the reduced barriers to trade and investment in most countries of the world

Market liberalization and adoption of free markets

The liberalization and adoption of free markets has enabled globalization to advance very fast (Held 2002 . In the past , government regulations and restrictions have tended to hinder the process of globalization . However , as governments become less restrictive and allow for the use and application of free market policies , more markets are...