Competition drivers globalisation

 · the main drivers that have helped globalization to expand and deepen over the past years have been technological revolutions such as the widespread use of internet and the ease of trans-boundary travelling, the creation of international institutions that encourage free trade by removing trade barriers, the establishment of multinational Estimated Reading Time: 11 mins. Drivers of Globalisation. The four main areas of drivers for globalisation are market, government; cost and competition (see Figure 1). These external drivers affect the main conditions for the potential of globalisation across industries, which are mainly uncontrollable by individual firms.  · The four main areas of drivers for globalisation are market, government; cost and competition (see Figure 1). These external drivers affect the main conditions for the potential of globalisation across industries, which are mainly uncontrollable by individual firms.

Competition Drivers The drivers of globalisation are a combination of many factors which have lead businesses to look outside their domestic markets for growth opportunities (4). It is usually the combined effect of just some of these separate factors that have more of gravity rather than all of the factors separately. The actions of competing firms define competitive globalization drivers and create interdependence between geographical markets. High levels of competitive diversity, industry change and trade increase the potential for globalization. Differential costs and global scope economics are cost globalization drivers. The growing integration into a single huge market place is increasing the intensity of competition in a wide range of manufacturing and service industries. These trends facilitate both the globalization of markets and globalization of production.

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