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).

Discuss this statement and your view on this in light of what has been happening since 2008. Outline the principle drivers of globalization. Explain opportunities presented by the globalisation of markets and production for international business. Provide relevant examples to support your arguments.

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