The document discusses the concept of globalization and some of its key drivers over the past few decades. It notes that while the term "globalization" was coined in the late 20th century, the concept has existed for longer. Some of the major factors that have contributed to increased globalization include reductions in trade barriers, growth of foreign direct investment between countries, and technological advances in areas like transportation, communication, and information processing. The document also provides a brief example of how Walmart embraced new technologies to increase profits and drive its success as a global retailer.