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.