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The last decade of the 20th century witnessed many hindrances in international trade which resulted in its massive dip and thereafter a series of companies started practicing global policies to achieve competitive benefit. For achieving 'business globalization' phenomenon, business players have laid strategies keeping the global economies in mind rather than thinking in context of national markets.
Growing economies Over the last few years China and India has witnessed 9% and 7% of annual growth respectively. Demographics Economies now characterize younger populations, increasing number of well-qualified population, growing middle class populations, elevating incomes and urbanization.
Commercial need The financial growth, as well as the existence of worldwide firms that accompanies job opportunities focused around intellectual capital is generating need for marketable real estate infrastructure. Infrastructure development Communications, utilities, and well-organized transportation has steadily improved over the past few years as compared to what it was few decades ago. Opening up of closed market structures Most flourishing developing economies have been occupied in methodical reorganization of basic community norms ignored in the developed economies. The factors which trigger growth and monetary infusions incorporate property privileges, legal procedure, published guideline, privatization of state owned firms, removal of capital management, and liberalization of norms related foreign direct investment.
We have moved from a world where the big eat the small to a world where the fast eat the slow