What is globalization?
According to Keith Porter, "people around the globe are more connected to each other than ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been titled globalization." (Porter, 2001) Globalization is thus the greater interconnection and interdependence of organizations, corporations, governments, and individuals from different nations.
Three major drivers of globalization
One driving factor is the increased information flow, through venues such as the Internet, whereby formerly purely national companies can sell all over the world -- Seattle-based Starbucks can whet the appetite of an Indian consumer by purveying its French Roast online. The second factor is more fluid international money flow, facilitated by greater world democratization and capitalization, whereby investments in developing...
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