The conditions of the world economy can be thought as the main force to be driving the globalization.
What is the significance of globalization?
The agreement between two or more countries, by the virtue of which the countries connect over trade and other important economic developments, is considered as globalization. Globalization is dependent upon the foreign policies of individual nations against other nations.
The status of globalization across the countries in the world is determined the status of the world economies, as a poor economy will lead to decreased scope of globalization. Moreover, globalization is also driven by the frequency of international trade agreements.
Hence, the significance of the driving force of globalization has been aforementioned.
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