The Government of Trinidad and Tobago in its commitment to support the implementation of Summit goals sought to institute strategic policies to alleviate problems hindering growth and social development. Government globalization drivers: unrestrictive trade investment policies, compatible technical standards and common marketing regulations.Ĭompetitive globalization drivers: High two-way trade/ cross-border FDI, global competitors and Inter-dependence among countries.
Market Globalization Drivers are common customer needs, global customers, global market channels and transferable marketing.Ĭost globalization: global scale economies, sourcing efficiencies, factor of production differences, high product development costs and rapidly changing technology. The drivers of globalization are: market globalization, Cost globalization, Government globalization and Competitive globalization.
