Discuss the statement given below, outlining the principle drivers of globalisation and explain any five (5) opportunities presented by the globalisation of markets and production for international business. Provide relevant examples to support your arguments.

'We are moving towards a world in which barriers to cross border trade are tumbling; perceived distance is shrinking; material culture is starting to look similar the world over; and national economies are merging into an interdependent global economic system' (Hill, 2006).