What are the positive & negative effects of globalization and multinational enterprise on world society?
Effects of globalization Globalization has various aspects which affect the world in several different ways such as: Industrial (alias trans nationalization) – emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies Financial – emergence of worldwide financial markets and better access to external financing for corporate, national and subnational borrowers Economic – realization of a global common market, based on the freedom of exchange of goods and capital. Political – political globalization is the creation of a world government which regulates the relationships among nations and guarantees the rights arising from social and economic globalization. [10] Politically, the United States has enjoyed a position of power among the world powers; in part because of its strong and wealthy economy. With the influence of Globalization and with the help of The United States’ own economy, the People’s Republic of China has experienc
