Which of the following (if any) is a driver of globalization?
A) Consumers who are exposed to foreign brands when they travel internationally and demand access to those brands in their home countries.
B) The reduction in tariff and non-tariff barriers around the world
C) The need for companies to reduce manufacturing costs
D) All of the above
E) None of the above

Question

Quizplus · Accepted Answer

All three options listed are commonly recognized drivers of globalization. Consumers who travel internationally or are exposed to foreign brands through media, internet, etc., create demand for those brands in their home countries, which can lead to companies expanding their markets globally. The reduction in tariff and non-tariff barriers around the world, such as free trade agreements, makes it easier and cheaper for companies to conduct business across borders. And finally, the need for companies to reduce manufacturing costs and stay competitive in the global market can lead them to outsource production or source materials from countries with lower labor costs.

Which of the Following (If Any) Is a Driver of Globalization