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02-WORKSHEET 2 (Team GBS)
02-WORKSHEET 2 (Team GBS)
The rise of global corporations refers to the growth and expansion of multinational
corporations (MNCs) across the world. MNCs are companies that operate in multiple
countries, with headquarters in one country and subsidiaries in others. The rise of
global corporations can be attributed to several factors, including advances in
transportation and communication technologies, liberalization of trade policies, and
the growth of global financial markets.
The rise of global corporations has had a significant impact on the world
economy. MNCs have been able to take advantage of lower labor costs and favorable
tax policies in developing countries, leading to the relocation of jobs from developed
countries to developing ones.. However, MNCs have also been criticized for their
negative impact on local economies, including exploitation of workers, environmental
degradation, and tax avoidance.
Example:
The rise of global corporations has been a significant trend in the world
economy. Some examples of multinational corporations (MNCs) include General
Electric (GE), Nestlé, and Procter & Gamble1. These companies have a global
mindset, with businesses run on a global basis, top management increasingly
international, and new ideas routinely coming from all parts of the globe2.
MNCs have been able to take advantage of lower labor costs and favorable tax
policies in developing countries, leading to the relocation of jobs from developed
countries to developing ones3. However, MNCs have also been criticized for their
negative impact on local economies, including exploitation of workers,
environmental degradation, and tax avoidance3.
2. How do global corporations’ function?
A global corporation is a company that operates in at least one country other than
the country where it originated . Global corporations are characterized by their
ability to conduct business on a global scale, which requires them to have a deep
understanding of the cultural, economic, and political differences that exist between
countries .
Some examples of global corporations include Coca-Cola, which has a business
presence in over 200 countries Samsung, which owns and manages functions in two
or more countries and General Electric (GE), which has an increasingly global
mindset and runs its businesses on a global basis
The functions of global corporations can vary depending on the industry they
operate in. However, some common functions include marketing, sales, research and
development, manufacturing, distribution, and customer service
4. Emerging market global
The normative case regarding global corporations is a topic that has been discussed
in academic circles. One such study by Deane Neubauer divides the historic rise of
the global corporation into three broad historical periods one. The first period is
characterized by early patterns of trade and exchange, which initiated a form of
globalization that followed complex patterns of interactive engagements organized
through trade and directly influenced by the emergent and subsequently dominant
technologies, especially in shipping and navigation. The second period spans the
two-plus centuries prior to the end of World War II, in which the modern nation-
state system emerged in ways that allowed invention and social organization
combine that vastly increased world capital and the wealth of nation-states. Coupled
with an extraordinary rise in global population that attended the industrial
revolution, the societies that arose would invent new ways to organize the world
itself through colonialism and imperialism that vastly attenuated their interactions
between peoples, states, and regions such that a clearly differentiated era of global
interaction can be said to exist. The third period is characterized by the rise of global
corporations in the BRICS (Brazil, Russia, India, China, South Africa) and other
developing economies throughout the world such as Malaysia, Mexico, Turkey, and
Vietnam
Emerging market global corporations are companies that operate in developing
economies throughout the world such as Brazil, Russia, India, China, South Africa,
Malaysia, Mexico, Turkey, and Vietnam 2. These corporations are characterized by
their ability to conduct business on a global scale and have a deep understanding of
the cultural, economic, and political differences that exist between countries two.
Some examples of emerging market global corporations include Tata Consultancy
Services (India), Alibaba Group (China), Samsung Electronics (South Korea), and
Petrobras (Brazil) two
6. “From Triumph to Crisis.
From Triumph to Crisis” is a book that discusses the neoliberal economic reform in
post-communist countries The book argues that after 1989, post-communist states
adopted increasingly radical neoliberal reforms as they competed with each other for
much-needed foreign investment The book also explains how the endurance and
intensification of neoliberal reform in these countries lasted for almost two decades,
from 1989–2008, and its decline thereafter, when inflows of capital into the region
suddenly dried up
7. Multilateralism refers to the cooperation.
Hegemonic stability theory, which argues that international economic openness and
stability are when there is a single dominant state, is the most prominent approach
among American political scientists for explaining patterns of economic relations
among advanced capitalist countries since 1945.
He contends that the system naturally goes toward equilibrium. From global war or
"hegemonic war" emerges a new hegemon who creates and keeps the new world
order with its own set of preferences. This is partly accomplished by providing public
goods.
Human migration is the movement of people from one place in the world to another.
Human patterns of movement reflect the conditions of a changing world and impact
the cultural landscapes of both the places people leave and the places they settle.
On one hand, processes of globalization drive international migration, including
disparities in development, demography, and democracy; the global jobs crisis; the
segmentation of global labor markets; revolutions in communications and
transportation; and transnational social networks.