What are the two main forces that underlie the globalization of markets and production?

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Business

Mckenzie Church

17 July, 15:16

What are the two main forces that underlie the globalization of markets and production?

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Alvin Kelley · Answer 1

The two forces are:

1. Falling barriers to trade and investments: Many countries of the world now allow their countries to engage in trade with other countries, this has led to increase in globalization of markets and production.

2. Technological innovations: technology has made so many things possible in the business world today. The whole world has been linked up by internet and this makes it easier for a company to market its products to the whole world.