1. 1. Discuss the driving forces behind globalization (the driving forces being worldwide reduction of barriers to trade and investments, market liberalization and adoption of free trade (e.g., in china, former soviet union countries, and elsewhere), industrialization, economic development, and modernization, integration of world financial markets, and advances in technology)
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3. 2. Describe the dimensions of market Globalization (dimensions of market globalisation being integration and interdependence of national economies, rise of regional economic integration blocs, growth of global investments and financial flows, convergance of buyer lifestyles and preference, globalization of production activities and globalisation of services)
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5. 3. Describe the firm-level consequences of market globalisation: internationalization of the firm's value chain (countless new business opportunities for internationalizing firms, new risks and intense rivalry from foreign competitors, more demanding buyers who source from suppliers worldwide, greater emphasis on proactive internationalization and internationalization on firm's value chain)
7. 4. Describe the societal impact of market globalisation