The paper “ Globalisation - Economic Internationalisation through Trans-National Corporations” is a thrilling variant of the essay on macro & microeconomics. The concept of 'Globalisation' has achieved varying support from different groups in regard to its ability to aid the struggle of underdeveloped countries to reduce economic inequality. Secondly, viewed in economic terms, globalization is usually taken to mean the recent massive increase in global trade and internationalization of production and distribution strategies along with the unprecedented mobility of global finance capital pushed forward by the dazzling advances in information technology. This paper would analyze and evaluate which driving factor is the most crucial in developing and promoting the globalization process in the world. Part1 Patterns/Problems Due To Political and Social IdeasThe beginning of the globalization process can be traced back to the collapse of the Soviet Union.
Since then, the first great expansion of European capitalism took place up until the 16th century. This bought an immense expansion in world trade and investment up to the late 19th century. (Olson, 1960) At this point, the First World War contributed to the "Great Depression" in 1930, which halted the globalization process until it gathers pace again in the 19th century.
After the Second World War, there was another expansion of capitalism. With the introduction of multinational companies, who produced and sold products and services to domestic markets worldwide. The final factor was the elimination of the Soviet Empire. (Holmes, Leslie 1997) This allowed capitalism to thrive, and with the development of air travel, international companies, and more recently the internet, has made possible the organization of conducting business on a global scale. The political system is often 'Westernised', and a democratic system implicitly imposed.
The social freedom of choice is also manipulated as the candidates will often be those who champion the policies of the West or who are deemed to suit Western objectives. Secondly, indigenous industries of developing countries suffer due to high inflows of FDI from foreign TNC's.
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