Professional Documents
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The Market Integration Global Inter State System Contemporary Global Governance Copy 1
The Market Integration Global Inter State System Contemporary Global Governance Copy 1
The Market Integration Global Inter State System Contemporary Global Governance Copy 1
Inter-state System,
Contemporary Global
Governance
TCWD111
OBJECTIVES
International companies
importers and exporters, typically
without investment outside of their
home country
Multinational companies
have investment in other countries,
but do not have coordinated
product offerings in each country.
Global Corporation
Global companies
have invested in and are present in
many countries. They typically
market their products and services
to each individual local market.
Global Corporation
Transnational companies
more complex organizations which
have invested in foreign operations,
have a central corporate facility but
give decision making, research and
develop (R&D) and marketing
powers to each individual foreign
market.
Global Corporation
Transnational companies
“enterprise that engages in
activities which add value
(manufacturing, extraction,
services, marketing, etc) in more
than one country (UCTC, 1991).”
Global Corporation
Investment-based globalization
(1950-1970)
Trade-based globalization (1970-
1995)
Digital globalization (1995
onwards)
Foreign Direct Investment
Examples:
China’s Lenovo corporation’s purchase
of IBM’s PC business
India’s investment in various
historically British firms including
Jaguar Land Rover (Economist, 2011).
BRICS Economies