![]() Innovations in the transportation technology revolutionized the industry. 2 Drivers of Globalization The media and almost every book on globalization and international business speak about different drivers of globalization and they can basically be separated into five different groups: 1) Technological drivers Technology shaped and set the foundation for modern globalization. With this foundations it will then try to integrate theories and drivers and compare them to the actual situation and discuss if they are appropriately describing what we are seeing today. It is the economic equivalent of a force of nature - like wind or water.' Bill Clinton (American 42nd US president (1993-2001)) The first part of this research paper will define the major drivers of globalization and then introduce some of the basic and advanced theories of international trade and business. ![]() ![]() 1 Ricardo-Mill and outsourcing 4.2 Dunning, Cantwell and the influence of technology 5 Bibliography 1 Introduction 'Globalization is not something we can hold off or turn off Foison Vinyl Cutter Usb Driver there. Table of contents 1 Introduction 2 Drivers of Globalization 3 Theories and Models of Gobalization and International Trade 3.1 From mercantilism to Smith and Ricardo 3.2 Ricardo to the next step: Factor Proportions Theory and the Leontief Paradox 3.3 Vernon Life-Cycle Theory 3.4 Porter’s Diamond Approach 3.5 Monopolistic Advantage Strategy 3.6 Eclectic Theory 4.
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