Globalization is the process of interaction and integration between people, companies and government world wide. Economically, globalization involves services, and the economie resources of capital, technology and data. Is a process driven by international trade, investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity. Some scientists think that the globalization is a "new event", while there are others that think is an "old event". I think that is not new. For thousands of years, people and, later, corporations, have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages.
There is no question that globalization has been a good thing for many developing countries who now have access to our markets and can export cheap goods. Globalization has also been good for Multi-national corporations and Wall Street. But globalization has not been good for working people (blue or white collar) and has led to the continuing deindustrialization of America. Globalization is a complicated issue. It is necessary to evaluate the advantages and the disadvantages before we get any conclusions.
Now we can make advantage of multinationals.A multinational company is a business that operates in many different countries at the same time. In other words, it’s a company that has business activities in more than one country.
There is no question that globalization has been a good thing for many developing countries who now have access to our markets and can export cheap goods. Globalization has also been good for Multi-national corporations and Wall Street. But globalization has not been good for working people (blue or white collar) and has led to the continuing deindustrialization of America. Globalization is a complicated issue. It is necessary to evaluate the advantages and the disadvantages before we get any conclusions.
Now we can make advantage of multinationals.A multinational company is a business that operates in many different countries at the same time. In other words, it’s a company that has business activities in more than one country.