Paper Topic:

globalization

GLOBALIZATION (2007

INTRODUCTION

The world is becoming more like a global village resulting from the way trade , communication , means of transportation is ever made easy Business operations cut across transnational bs in contemporary times , more than before . Furthermore , there are increasing numbers of players in the international trade and deal transactions than ever before . The neo-liberalists views in international trade has always supported a globalize and open market in which every countries is expected to open up its market and imbibe the culture of free trade free economy entry and

exit of labor and the opening of the state economy to the international market for active competition . The adoption of open markets have resulted in the political responses in terms of change in the political structure , that is hitherto exhibited and the way government intervene in her country 's economy . This change has resulted in the adoption of the neo-liberal stand . Even , the communist states are now gradually opening up to the trade zone to international transactions . Globalization can be briefly defined as , the intensification of economic , political , social , and cultural relations across bs (Holm Sorensen , 1995 :4 . According to Yeung (2002 from an economic perspective the term globalization is defined as the rapid proliferation of cross-b production , trade , and investment activities spearheaded by global corporations and international financial institutions that facilitate the emergence of an increasingly integrated and interdependent global economy . Thus , globalization is a transformation of the world to become accustomed to the changes of time and the pattern of the world

What role is corporations and developing countries playing in this increasing activities in a globalize world ? What future will globalization have in affecting the different segments of the world business environment ? These will be the focus of this write-up

THE ROLE OF CORPORATIONS AND DEVELOPING COUNTRIES IN GLOBAL DEVELOPMENT

Multinational corporations plays significant role in turning the world into a globalize village . The operations of multinational corporations such as Shell , Texaco BP , Coca Cola , Vodacom , Volkwagen , Siemens Unilever , Microsoft , to mention a few , cut across transnational bs of different countries . International Trade brings about understanding and cooperation among countries . The activities of Multinational Corporation go a long way in affecting the different segments of global human existence . Be it education , communication , transportation , health information technology , among others . Information technology companies such as Microsoft and IBM , biotechnology and pharmaceutical firms (Merck or Biogen , multinational publishers like Elsevier or Bertelsmann , among others , dominate the new international commerce in knowledge knowledge-based products , and information technology (Altbach , 2001 Through strategic innovation , and the training of labor that cut across different countries the multinational corporations have significantly contributed in the developing of the global world . Heavy investment in work force developing is carried out by these corporations . With the well financial backup for these corporations , they are able to conduct researches leading to development . Many social responsibilities in localities these corporations operate goes along to contribute in community development

The role of developing countries in globalizing the world...

7 pages

39.0 KB

Free sing-up