Globalization is an economic equivalent of the nature forces like wind and water. There are several drivers of globalization that have led to more advanced methods of carrying out tasks. Generally, globalization is the tendency of the international trade investments and how people interact during these trades (Pieterse, 2015) . There has been the driving element to globalization since its initiation.
One of the drivers is the use of technology. Through technology, there was the shaping and setting of the foundation of the modern globalization. For example, the development and innovations in the transport sector developed globalization. More precisely, in 1970s and 1980s, there was a commercial jet aircraft, (Alon, Jaffe, Prange, Vianelli, 2016) . Similarly, there has been development in telecommunication and microprocessors which have brought about cost-effective communication and computing. Besides, there has been rapid growth of internet which has made it possible to people t interact through online platforms during their businesses, (Pieterse, 2015) . Through internet, there has been the use of technology to create the global e-business and e-commerce which has greatly impacted to globalization.
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Secondly, each nation has its market laws and regulations which are used during trade activities between individuals. This is through the political drivers of globalization where liberalized trading rules lead to lowered and considerable tariffs. Moreover, through political drivers of globalization foreign, there is direct investment in almost all nations in the world. For example, there is the institute of GATT general agreement on tariffs and trade which was launched in 1947 and the world trade organization WTO, (Pieterse, 2015) . These organizations have set laws that have greatly improved the development of globalization since their initiation.
Thirdly, market drivers are also among the key elements that have impacted to globalization. Local markets and domestic markets have become more saturated. As a result there is limited opportunity for growth of these markets. Through global expansion, organizations and business can overcome this serious situation. This through allowing customers to have the chance an opportunity to use global markets channels, (Alon, Jaffe, Prange, Vianelli, 2016) . Through this, there is increased interaction and accusation of new knowledge that helps individuals during their business processes.
Evidently, each nation has its own cost over products or services. Due to this fact there can be a challenge for globalization to take place. This was the case during the industrial revolution where Britain was the birth place of industrialization. As a result, for example air fares vary from country to country. It therefore, important for a global firm to take over the advantage so that it can provide equal fares for air passengers. This is through cost drivers which would enable the firm to access the opportunity to build global scales economies and high product development (Pieterse, 2015) . Through this globalization will be impacted positively and many nations will grow in all the sectors.
Lastly, another element of globalization is competitive drivers. Through a global firm and global market, there should be inter-firm competition. The increase in competition therefore forces organization to participate in international trade and markets. Meeting competitive advantage is one of the organizations main objectives as they will be able to evaluate the type of products they provide to consumers through the global inter-firm competition, (Alon, Jaffe, Prange, Vianelli, 2016) . If the customers are satisfied then an organization can conclude that its products are good and improve where customers are not satisfied. This driver is supported by strong interdependences among nations and FDI actions.
Conclusively, globalization has been driven by five major factors. They include competitive drivers, cost drivers, market drivers and political drivers. Through these drivers, there has been increased global competition among global firms which has increased interactions and improved the laws set for trading. Generally, there drivers have greatly impact to globalization.
References
Pieterse, J. N. (2015). Globalization and culture: Global mélange : Rowman & Littlefield.
Alon, I., Jaffe, E., Prange, C., & Vianelli, D. (2016). Global marketing: Contemporary theory, practice, and cases : Routledge.
