Brief overview of Globalization

The development of globalization has opened gates for economies both nationally and globally. The last three decades saw many governments acquiring the systems of free markets, thereby, maximizing their own potential and opportunities for international businesses as well as investment. As a result of globalization governments all over the world worked towards the elimination of limitations to business and trade of goods and services across the world. With these new opportunities having hit the global economies industries took advantage by constructing new business corporations in foreign markets with their associates. This gave international trade and business an all new business structure which can be summed up under what is economic globalization capable of altogether.