Explain the connected global economy and globalization. E

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Explain the connected global economy and globalization.

Explain the following forces that have accelerated globalization include:

1) The end of communism

2) Information technologies

3) Entrepreneurships and entrepreneurs

4) Free-trade and trading agreements

5) The IMF and World Bank

6) Growth of transnational firms

7) A shift to service economies

8) Global political forces

Explain the major competitive success factors driving firms in the global economy include:

1) The best talent is recruited

2) High-quality, innovative products

3) Just-in-time manufacturing

4) Web-based technologies

5) New product patents and innovation

6) Mergers, acquisition, and strategic alliances

Note: Explain in detail with your words and provide appropriate examples.

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