![]() The institution of GATT (General Agreement on Tariffs and Trade) 1947 and the WTO (World Trade Organization) 1995 as well as the ongoing opening and privatization in Eastern Europe are only some examples of latest developments. 2) Political drivers Liberalized trading rules and deregulated markets lead to lowered tariffs and allowed foreign direct investments in almost all over the world. Finally the rapid growth of the Internet is the latest technological driver that created global e-business and e-commerce. Inventions in the area of microprocessors and telecommunications enabled highly effective computing and communication at a low-cost level. The most important developments among these are the commercial jet aircraft and the concept of containerisation in the late 1970s and 1980s. ![]() ![]() Market drivers are customer needs and tastes become more common, the existence of global customers and transferable marketing between difference countries. There are four industry drivers: market drivers, cost drivers, government drivers and competitive drivers Yip 1992. Yips Drivers of globalisation (diagram figure2.3 on p.70) Key drivers of change, which are forces likely to affect the structure of an industry. Innovations in the transportation technology revolutionized the industry. 2 Drivers of Globalization The media and almost every book on globalization and international business speak about different drivers of globalization and they can basically be separated into five different groups: 1) Technological drivers Technology shaped and set the foundation for modern globalization. With this foundations it will then try to integrate theories and drivers and compare them to the actual situation and discuss if they are appropriately describing what we are seeing today. ![]() ![]() It is the economic equivalent of a force of nature - like wind or water.' Bill Clinton (American 42nd US president (1993-2001)) The first part of this research paper will define the major drivers of globalization and then introduce some of the basic and advanced theories of international trade and business. 1 Ricardo-Mill and outsourcing 4.2 Dunning, Cantwell and the influence of technology 5 Bibliography 1 Introduction 'Globalization is not something we can hold off or turn off Foison Vinyl Cutter Usb Driver there. Table of contents 1 Introduction 2 Drivers of Globalization 3 Theories and Models of Gobalization and International Trade 3.1 From mercantilism to Smith and Ricardo 3.2 Ricardo to the next step: Factor Proportions Theory and the Leontief Paradox 3.3 Vernon Life-Cycle Theory 3.4 Porter’s Diamond Approach 3.5 Monopolistic Advantage Strategy 3.6 Eclectic Theory 4. ![]()
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