Drivers of Globalization There are two main drivers of Globalization which seem to underlie the trend towards greater globalization. Nowadays, over $4 trillion in foreign exchange transactions.ĭeveloped country, Foreign direct investment, General Agreement on Tariffs and Trade 900 Words 3 Pages. Drivers Epson Tm U220 Windows 7 64 Bits there. Thus, globalization can be defined as the interdependence of national economies through trade, finance, production and a growing web of treaties and institutions. The term ‘ globalization’ in the most basic level can mean the globalization of international trade, however it is also expansion of foreign direct investment (FDI), multinational corporations, integration of the world capital markets and much more. European Union, Free trade, Globalization 607 Words 3 Pages. Although no one theory can explain the apparent pattern of international trade, together, the theories of Free Trade, Life-Cycle, Mercantilism.
Globalization has several different facets including the globalization of markets and the globalization of production,' (Hill, 2004).
What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? ' Globalization refers to the shift toward a more integrated and interdependent world economy.
