The paper "Relationship between Globalization and Corruption" is an outstanding example of a macro & microeconomics literature review. Corruption is a historical story that is as ancient as the society. Periodically, explosions of fury from long-suffering submissive victims trying to eliminate corruption have existed. It has constituted a causal as well as the dominant element in many revolutions. The revulsion corruption evoked was a fundamental urge during the Protestant Reformation and is still present across the globe, in the richest and poorest countries. However, there are ancient habits along with new aspects that make corruption nowadays more intolerable as well as easy to spread.
The main one is easy and increased movement of goods, money and people. Globalization has generated new openings for both productive and illicit wealth creation (Lewis, 1996). Globalization leads to increased corruption. Definition of globalization Narrow Akhter (2004) maintains that globalization has a range of meanings. The popular perspective mainly deals with the narrow meaning and associates globalization with expressions such as Coca-Colonization and McDonaldization. These nominalizations portray a potent picture of multinational companies driven by common goals of growing their business internationally.
Moreover, since many of the famous multinationals are U. S-owned firms, globalization actually has turned to be a substitute for Americanization. Broad In a broader perspective, globalization falls under three categories namely organization, country, and industry globalization. Organization globalization refers to the process via which companies move towards incorporated network structures. The concept of incorporation of operations throughout nations as companies globalize their operations exists in various global business research sources. Industry globalization is theorized as a sequence of connected domestic industries whereby rivals contend against one another on a worldwide basis.
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