Global Corporations: Belarmino, Mary Ann S

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GLOBAL 

CORPORATIONS

BELARMINO,MARY ANN S.
THERE WOULD BE NO NEED TO FOR
INTERNATIONAL REGULATORY GROUPS.
WITHOUT INTERNATIONAL REGULATORY
GROUPS, INTERNATIONAL TRADE AT THE
CURRENT MASSIVE SCALE WOULD BE
IMPRACTICAL. THE TRADE REGULATORY
GROUPS AND AGREEMENTS REGULATE
THE FLOW OF GOODS AND SERVICES
BETWEEN COUNTRIES. THEY REDUCE
TARIFFS, AND MAKE CUSTOMS
PROCEDURES EASIER. THIS MAKES
TRADING ACROSS NATIONAL BORDERS
MUCH MORE FEASIBLE.
The companies that extend
beyond the borders of one
country are called
multinational or
transnational
corporations (MNCs or
TNCs). They are also
referred to as global
corporations.
Some global corporations are
ubiquitous, like McDonald’s or
Coca Cola, and yet, they still
market themselves as American
companies.
DEFINING GLOBAL CORPORATION

Aglobal corporation is a business that


operates in two or more countries. It
also goes by the name "multinational
company." Expanding your business
globally can offer several advantages
over running a strictly domestic
company, but operating in multiple
countries also poses cultural
challenges. (Neil Kokemuller,
Chron.com)
Transnational corporations have a
significant role in global economy.
Some have greater production
advantages than an entire nation.
They influence the economy and
politics by donating money to specific
political campaigns. They can even
influence the global trade laws of the
international regulatory groups.
Global corporations often
locate their factories in
countries which can
provide the cheapest
labor in order to save up
for expenses in the
making of a product.
DISADVANTA
ADVANTAGES
GES
Improving Sales New Regulations
Learning to Compete Different Cultures
Potential Abuse of
Cheaper Labor
Workers
Job Creation (in
Threat to Local
countries offering
Businesses
cheapest labor)
Loss of Jobs (in the
Tax Cuts home country of the
company)
International trade and global
corporations, along with the internet
and more global processes,
contribute to globalization because
people and corporations bring their
own beliefs, their traditions, and their
money with them when they interact
with other countries. These ideas and
capital can then be incorporated in
other countries, and thus, change the
cultures and economies of these
foreign nations.
IN GLOBAL CORPORATIONS, 

THERE IS NOT A
SINGLE COUNTRY
THAT IS
COMPLETELY
INDEPENDENT.

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