QS Study

Something would happen in recent decades to bring about the increased growth in globalization

There is no firm agreement about how to measure globalization. One reason is that it is a difficult concept to measure at all. Further shifting boundaries figure on what is international. For globalization business is becoming more global because of some factors these are-

  • Technology is expanding, especially in transportation and communications.
  • Government is trying to remove international restriction.
  • Institutions provide services to ease the conduct of international business.
  • Consumers know about and want foreign goods and services.
  • Competition has become more global.
  • Political relationship has improved among some major economic power.
  • Countries are co-operating more on transactional issues.