Innovations in the transportation technology revolutionized the industry. Technology shaped and set the foundation for modern 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: 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. 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.
it is the economic equivalent of a force of nature - like wind or water.'īill Clinton (American 42nd US president (1993-2001)) 'Globalization is not something we can hold off or turn off. 3 Theories and Models of Gobalization and International Tradeģ.1 From mercantilism to Smith and Ricardoģ.2 Ricardo to the next step: Factor Proportions Theory and the Leontief ParadoxĤ.2 Dunning, Cantwell and the influence of technology
