Globalization Has Accelerated So Rapidly. Business & Marketing Essay

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Why Globalization has Accelerated so Rapidly
Globalization is the process where organizations and businesses develop an interest to venture into international business. In recent years, globalization has been accelerating rapidly due to some factors such as technological changes and different taxation systems. Technological changes reduce the cost of communication which, in effect, enhances business transactions via web technology. On the other hand, different taxation systems have contributed immensely to the growth of globalization since countries have been forced to adjust their tax rates to attract foreign investors. Additionally, many states have been shipping their products from other countries using containers which carry bulk products; hence, lowering the unit cost around the global CITATION IpG19 \l 1033 (Ip). However, globalization is a complicated matter since it has its ...