Major drivers of globalization

Answer 1

There are many drivers to the political, social, economic, technological and linguistic phenomenon of globalization. These include the global standardization of business, products and consumer expectations from multinational corporations. There have also been the elimination of political borders and barriers such as through the European Union and liberalization of visa regimes throughout the world. Also the internet, English language, and Americanization altogether remains continuing forces behind globalization.

Answer 2

Governments who wish to bring wealth to their country. Of course their is also the companies like: Nike, Adidas's Microsoft and scholastic I hope the information that i gave you was sufficed enough to help you. :)

To put it simple, what drives globalization is TECHNOLOGY and BORDER removals.

Technological innovations make communication easier than ever before, enabling people to contact other people that are halfway around the world via a huge array of tools, be it telephones, emails, fax etc, thus enabling them to engage in product and service trade.

The internet has made products and services accessible to the entire computerized world, creating a wish to buy things irrespective of where they are produced.

Globalization is not a phenomenon only existent in huge multinational companies, but is utilized by small and medium sized companies just as much.

In fact, in many developed countries, like Germany for example, one of the entities driving globalization is the Mittelstand (small and medium sized companies).

Think, for example, someone dealing with antiques. Technology enables this person to go to almost every destination in the world within hours, say, Morocco, where the antiques dealer finds a piece of furniture that he/she deems perfect for a customer. He/she takes a picture of this piece of furniture with his/her smart-phone (thank you, technology), sends it to the customer via email and can get a response within minutes! (again, technology) and DEAL, and all thanks to technology! And let's not forget the almost unrestricted money flow, money electronically "wired" around the world, credit cards that let us pay for goods in countless places in the world, and no matter if your card is German, French, Russian, Chinese, you can get money from almost every ATM in the world.

Furthermore, costs for shipping goods halfway around the world are as cheap as hiring a local truck driver in France and have him drive goods some mere 200 miles.

Sometimes that is even more expensive (per piece) than a container ship full of goods from Shanghai to Rotterdam.

This list could be extended almost infinitely.

The emergence of the European Union with close to no border restrictions facilitates trade, not only intra-european trade but international as well, where there are no import/export restrictions and no tariffs. Other regional trade agreements, like NAFTA, ASEAN do the same in their respective regions of the world. These are huge drivers of globalization.

It is rather difficult to attribute globalization to governments, as they usually subsequently regulate rather than trigger trade. In fact, many countries, for example the USA, try to preserve their national sovereignty and "american jobs" with protectionist laws and regulations, restricting, for example, the number of imports to the USA..

Transnational and multinational companies exceed borders, making everything from product conception, design, manufacturing to assembly truly international.

Think of an iPod. It was designed in the USA, its parts were produced in Taiwan, the Ukraine, Thailand, it is assembled in China and is shipped into the world. The label shouldn't read "Made in China", but "Made in the World".

There is much, much more to globalization. It is a polarizing and interesting topic and I only scratched at its surface. I still hope it is sufficient (!!).

Answer 3

Major drivers of globalization include advances in technology (such as the internet and transportation), reduction in trade barriers like tariffs and quotas, and the growth of multinational corporations operating on a global scale. These drivers have facilitated increased interconnectedness and interdependence among countries, leading to the flow of goods, services, capital, and information across borders.