Question

Identify the key drivers of globalization from the following factors.

• A. Government action/ exchange rates, competition and socio demographic factors
• B. Market convergence, competition, exchange rates and cost advantages.
• C. Cost advantages, government action, economic cycles and competition.
• D. Market, cost, competition and government policies.

Answer 1

The correct option is D Market, cost, competition and government policies.

Market, cost, competition and government policies are the key drivers of globalization from the following factors. Globalization may be defined as "the growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and the international capital flows and also through the more rapid and widespread diffusion of technology.