Globalization advanced in the 1990s due to corporations' quest for new markets and their

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The quest for cheaper sources of labor was one of the main drivers of globalization in the 1990s. As corporations sought to increase profits and reduce costs, they turned to countries with lower wages and fewer regulations, leading to the outsourcing and offshoring of jobs. The other choices, such as the need for raw materials or lower interest rates, were also factors in some cases, but not as significant or widespread as the search for cheap labor. The desire to improve the quality of life in the developing world was not a primary driver of globalization, but rather a potential side effect or goal of some development projects.

Globalization Advanced in the 1990s Due to Corporations' Quest for New