Tata PLC of India is contemplating exploiting opportunities generated by the major trends in the

globalization of the world economy. It has seen competitors raking huge profits from their global

operations. However, Geunter Buschek, Tata's CEO wants to properly understand these trends

before the next Board Meeting, so that he can properly appraise the Board on these major trends,

before Tata PLC decides on whether to exploit the opportunities generated by these trends.

a) With clear examples, briefly explain to Guenter Buschek, the CEO, the major trends in the

globalization of the world economy