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.