Globalisation and its Driving Factors

Business Environment

Globalisation
• The process of spreading of information, technology, products as well as jobs
around the national culture and borders is referred to as globalisation.
• In economic context, it implies interdependence of nations which is being
fostered by free trade.
• Sasol Limited is rendering their services in different countries like Australia,
Gabon, Canada and Mozambique.

Driving factors for globalisation
• The one which is liable for supporting firms within execution of operational
activities at international market within an effectual manner is defined as driving
factors.
• This enable within supporting free flow of services and commodities that are
beyond international boundaries.
• Along with this, it is also liable for contributing within the efficacious flow of
capital & foreign trades in national economies.

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• Political drivers: Due to deregulated as well as liberal trade laws, there is
a decrease within the tariffs.
• Technological drivers: They supports firms within free flow of services
and goods at global scale.