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Running Head: GLOBALIZATION OF BUSINESS ACTIVITY
Globalization of Business Activity
Course Title Instructor
GLOBALIZATION OF BUSINESS ACTIVITY
Generally, globalization refers to the process of integrating a variety of world economies
such that they become interdependent. According to Rothenburg (2003) globalization involve
integration of citizens, governments and firms from different countries. On the other hand,
globalization of business means that companies can operate in different countries as
multinationals. Further, globalization of business activities means the expansion of business
operations beyond one country as a way of creating a global presence.
Two basic factors appear to have accelerated globalization of business activity. Gruber
(2000) identifies growth of technology in transport and communication and removal of trade
barriers due to public policies and international trade policies as the main drivers of globalization
of business activities. Technological advancements have reduced costs of transport and
communication of which have favored growth of multinational corporations. On the other ...