5 Drivers of Globalization

Question 1

Technology

Answer 1

Technological advances in communication and transportation make global connections faster and cheaper.

Question 2

Trade and Investment Liberalization

Answer 2

Reduced trade barriers and policies promoting free markets encourage international trade and investment.

Question 3

Market Growth and Economic Integration:

Answer 3

Economic integration and agreements expand market access and promote global commerce.

Question 4

Global Supply Chains:

Answer 4

Companies source materials and labor globally to lower costs and increase efficiency.

Question 5

Cultural Exchange and Migration:

Answer 5

Movement of people, ideas, and cultural products increases global interaction and understanding.