Liberalized trading rules and deregulated markets lead to lowered tariffs and allowed foreign direct investments in almost all over the world. Finally the rapid growth of the Internet is the latest technological driver that created global e-business and e-commerce. Inventions in the area of microprocessors and telecommunications enabled highly effective computing and communication at a low-cost level. The most important developments among these are the commercial jet aircraft and the concept of containerisation in the late 1970s and 1980s. Innovations in the transportation technology revolutionized the industry. Technology shaped and set the foundation for modern globalization. The drivers for globalization include technological drivers, political drivers, market drivers, cost drivers, and competitive drivers.
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