Globalization And Its Effect On Multinational Corporations Operations In The Usa And Abroad

Essay from the year 2011 in the subject Politics - International Politics - Topic: Globalization, Political Economics, language: English, abstract: History has revealed a growing trend in our social institutional disposition, from the earlier kingdoms of the middle age, the nation-state of the mid-16th century to the current global environment of the 20-21st century. This progressive transformation reveals the latter system as being responsible for exacerbating interactions, scientific development, and so on. It has also become responsible for the modernity that drives industrialization, technology, and resulting in far flung interconnectedness. These interactions include economic, political and socio cultural collusions. Charon (2010) indicated that, "World interaction-the interconnectedness, interdependence, integration, social network, exchanges- accelerated at the end of the twentieth and the beginning of the twenty-first century" (p. 289). These characteristics seem to be having a growing commonality in global product and service demands. The information system; media, telecom, internet technologies continue to introduce MNCs' products and services globally. Charon posited that social interactions among people throughout the world have increased with the technology of air, ground transportation, and network communication (pg. 289). The basic gains of the growing world interactions are the intensified trades, outsourcing, and capital transfer, expansion of markets, corporate relocations, migration, and cultural cohesions.