Question $11$

Global Operations Report $($Scenario$)$

As Vice Prestdent of Global Expanston for Pax Telecom, Deva Mikiri is tasked with preparing a comprehensive report on the company's global operations over the past twenty years. Deva assigns three strategists to collaborate on the History portion of the report, which details the rationale behind Pax's decisions to expand operations in particular areas. Rashid Ahl focuses on early expansion to China, which occurred after China began to make its market more accessible to foreign companies. Markus Teller focuses on Pax's expansion to Eastern Europe, which was motivated by increased industry privatization in key countries. Lavonne Jackson focuses on expansion to Japan, which happened when the company's commercial bank expanded its service network to Asia.

To which of the following drivers of market globalization is Markus most likely to attribute his company's expansion to Eastern Europe?

advances in technology

integration of world financial markets

market liberalization

industrialization