{"id":33916,"date":"2024-04-15T09:23:34","date_gmt":"2024-04-15T09:23:34","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33916"},"modified":"2024-04-15T09:23:34","modified_gmt":"2024-04-15T09:23:34","slug":"the-forces-that-lend-momentum-to-the-process-of-globalisation-have-been-identified-by-michael-porter-include-the-following-1-fluid-global-capital-market-2-technological-restructuring-3-decreasing-r","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-forces-that-lend-momentum-to-the-process-of-globalisation-have-been-identified-by-michael-porter-include-the-following-1-fluid-global-capital-market-2-technological-restructuring-3-decreasing-r\/","title":{"rendered":"The forces that lend momentum to the process of globalisation have been identified by Michael Porter include the following 1. Fluid global capital market 2. Technological restructuring 3. Decreasing religious command 4. Ethnic decontrol 5. New global competitors 6. End of the cold war in 1990s"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;6, 5, 4 and 3&#8243; option2=&#8221;6, 3, 2 and 1&#8243; option3=&#8221;6, 4, 2 and 1&#8243; option4=&#8221;4, 3, 2 and 1&#8243; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: D. 4, 3, 2 and 1.<\/p>\n<p>Michael Porter identified four main forces that drive globalization:<\/p>\n<ol>\n<li><strong>Technological restructuring:<\/strong> Technological advances have made it possible to produce and distribute goods and services more efficiently and cheaply across borders. This has led to increased trade and investment, as well as the growth of multinational corporations.<\/li>\n<li><strong>Decreasing trade barriers:<\/strong> Governments around the world have been lowering trade barriers in recent decades, making it easier for businesses to operate in multiple countries. This has also contributed to the growth of globalization.<\/li>\n<li><strong>New global competitors:<\/strong> The rise of new global competitors, such as China and India, has put pressure on businesses in developed countries to become more efficient and competitive. This has also led to increased globalization.<\/li>\n<li><strong>End of the Cold War:<\/strong> The end of the Cold War in the early 1990s led to a more stable and secure global environment, which has made it easier for businesses to operate across borders.<\/li>\n<\/ol>\n<p>The other options are incorrect because they do not represent the four main forces that drive globalization as identified by Michael Porter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;6, 5, 4 and 3&#8243; option2=&#8221;6, 3, 2 and 1&#8243; option3=&#8221;6, 4, 2 and 1&#8243; option4=&#8221;4, 3, 2 and 1&#8243; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[702],"tags":[],"class_list":["post-33916","post","type-post","status-publish","format-standard","hentry","category-business-environment-and-international-business","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The forces that lend momentum to the process of globalisation have been identified by Michael Porter include the following 1. 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