Globalization is the tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, allowing them to become interconnected with different markets.
Accordingly globalization provides organizations a superior competitive position with lower operating costs, to gain greater numbers of products, services and consumers.
This approach to competition is gained via diversification of resources,the creation and development of new investment opportunities by opening up additional markets, and accessing new
raw materials and resources (øncekara and Savrul, 2012:24)