Factors that influenced the growth in globalization of international business

There has been growth in globalization in recent decades due to (at least) the following eight factors:



1. Technology is expanding, especially in transportation and communications. 

2. Governments are removing international business restrictions. 

3. Institutions provide services to ease the conduct of international business. 

4. Consumers want to know about foreign goods and services. 

5. Competition has become more global. 

6. Political relationships have improved among some major economic powers. 

7. Countries cooperate more on transnational issues. 

8. Cross-national cooperation and agreements.