Globalization Research Paper

Globalization Research Paper-58
One of the major characteristic of the process of globalization on the corporate level is the emergence of multinational corporations that play the leading role in practically all industries and nowadays they are viewed as leading powers in the world economy.At any rate, it proves beyond a doubt that it is multinational corporations that, to a significant extent, define the economic development of many regions, the implementation of technological innovations, scientific researches and progress at large.Such a shift on the corporate level naturally affects the role of nation states, which also changes consistently.

One of the major characteristic of the process of globalization on the corporate level is the emergence of multinational corporations that play the leading role in practically all industries and nowadays they are viewed as leading powers in the world economy.At any rate, it proves beyond a doubt that it is multinational corporations that, to a significant extent, define the economic development of many regions, the implementation of technological innovations, scientific researches and progress at large.Such a shift on the corporate level naturally affects the role of nation states, which also changes consistently.

She earned a Bachelor of Science degree in journalism from Appalachian State University.

The process of globalization has defined the development of the world economy during the last couple of decades.

Nowadays, it is obvious that even though the process of globalization was stimulated by the growing economic cooperation between countries, at the present moment economic integration of countries contributes consistently to the political and cultural integration.

As a result, countries start to form international alliances and unions, such as the EU, which overcome national borders.

Many large corporations outsource responsibilities to save money on the development of their products.

Globalization Research Paper Argumentative Essay Media Influence

Typically, outsourcing results in jobs moving to countries that report lower average rates of pay.

One of the major characteristics of the contemporary communications is the facilitation of the process of communication and elimination of geographical boundaries.

What is meant here is the fact that the contemporary communications provide ample opportunities to maintain contacts between people in different parts of the world.

In this respect, it is possible to refer to the book “The Next Global Stage” written by Kenichi Ohmae, in which the author attempts to forecast the future development of the world under the impact of major global trends that could be observed even nowadays.

On analyzing the future perspectives of the process of globalization and the world development, it is necessary to underline that the economic development will be determined by four major dimensions: communications, capital, corporations and consumers (Ohmae, 85).

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