Multinational Corporations – The Private Vector of Economic Globalization

Abstract:

Globalization means increasing economic relations between the world's states by reducing tariff barriers that prevent good collaboration in world trade. The aim is to enrich the countries from a material point of view, to increase the quantity of goods and services through an international division of labor through an efficiency catalyzed by international relations, specialization and competition. Describes the process by which companies, cultures and regional economies have integrated through communication, transport and commerce. Globalization of the economy is the final stage of the process of enlarging the dimensions of the economic activity space, a process started in the pre-industrial period. The speed of deployment and the direction in which it evolved have been conditioned over time by progress in transport and communications technology and, under some circumstances, even by governmental action to create a business-friendly business environment

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