Identfy and explain the Seven forces that have been causing the growth of globalization.?

a. Rapid increase in an expansion of technology

By increasing the demand for new productsand services, technology has tremendous impact on international business. As the demandincreases, so do the number of international business transactions. Improved communicationsand transportation speed up interactions and improve managers' ability to control foreign operations. b. Liberalization of cross-border movements

Although the past decrease in restrictions has been erratic, governments have lowered barriers because their citizens have expressed the desirefor better access to a greater variety of goods and services at lower prices. Governments alsoreason that their domestic producers will become more efficient as a result of foreigncompetition, and they hope to induce other countries to reduce their barriers to internationalmovements.

c. Increase in global competition

The pressures of increased foreign competition can persuadea company to expand its business into international markets. Today companies can respondrapidly to many foreign sales opportunities. They can shift production quickly among countries if they're experienced in foreign markets and because they can transport goods efficiently from most places.

d. Growing consumer pressures

Consumers are savvier and have more income. They want to be able to buy the variety and low-cost products available from anywhere in the world.

e. Development of supporting services

Companies and governments have developed servicesthat ease international business. Today, producers can be paid relatively easily for goods andservices sold abroad because of bank credit agreements, clearing arrangements that convert onecountry's currency into another's, and insurance that covers damage en route and nonpayment bythe buyer.

f. Changing political situations

The schism between communist and noncommunist countriesis basically over, as communist countries have moved toward transitioning their economies;therefore, trade between these countries has increased.

g. Expanded cross-national cooperation

Countries realize they can't go it alone. They cooperateto gain reciprocal advantages, to attack problems jointly, and to deal with areas outside the confines of any country.