What is Globalization?
Globalization refers to the shift toward a more integrated and interdependent
World economy. Globalization has two main components: the globalization
Of markets and the globalization of production. (Pg.6 chapter 1).
List the major drivers of globalization. Give three examples of each.
Two macro factors seem to underlie the trend toward greater globalization. The first is the decline in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II. The second factor is technological change, particularly the dramatic deve…
