Question: Since World War II , globalization has been driven by two major factors: the decline in barriers to the free flow of goods, services, and
Since World War II globalization has been driven by two major factors: the decline in barriers to the free flow of goods, services, and capital, and technological change. Business has fueled these trends as well as has been the beneficiary of these trends. Understanding these trends helps businesses develop strategies and tactics to accelerate these trends.
Understanding glIIobalization trends helps businesses identify opportunities and threats in their environment. Understanding these trends will also make the changes much more manageable. International businesses have greater flexibility, more options, and a broader scope to consider globalization of production and globalization of markets.
Match the driving force to the correct description and implication for business.
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