A free trade zone (FTZ), also known as an export processing zone (EPZ), is a product of globalization. An FTZ is a specially designated area for export-oriented foreign direct investment…

The globalization of industries and intense competitive environments have induced some firms to undertake global account management (GAM), a systematic, firm-wide process that suppliers use to identify, develop, and retain their most important customers in global business-to-business markets. When they expand internationally, firms often use global sourcing and expect suppliers to provide goods and services worldwide with consistent quality, efficiently, and at harmonized prices.

The most well-known index for globalization is the KOF index. The KOF Index of Globalization was introduced in 2002 by the KOF Swiss Economic Institute and the index was published by Axel Dreher and his team. The overall index measures the economic, social, and political dimensions of globalization.

Globalization is the ever-increasing process of integration of local and regional markets into one unitary market of products, services and capital. The main results of this process have been an increase in the interdependence of traditionally national markets on the macroeconomic level and the internationalization of corporate processes, especially production, distribution, and marketing, as well as the adoption of international business strategies on the microeconomic level.