Globalization

A detailed Summary of Globalization


World players - It is hard to appreciate how much power lies with the world's transnational corporations (or multinationals, if you prefer). By their sheer size they have become major world players: sales of Japan's Itochu Corporation exceed the gross domestic product (GDP) of Austria, while those of Mitsui and General Motors exceed the GDP of all sub-Saharan Africa combined. TNCs now control two thirds of all world trade and 80 per cent of foreign investment. BIG business.

Economic lifeblood? - Some argue that TNCs, as the 'lifeblood of the global economy', are of particular importance to people in developing countries. The reality is very different. TNCs employ only three per cent of the world's labour force - and less than half of



Some common words found in the essay are:
Mitsui Motors, Papua Freeport, Climate Coalition, Japan Similarly, , Ogoniland BP, Itochu Corporation, human rights, world players,

Approximate Word count = 498
Approximate Pages = 2 (250 words per page double spaced)

Category: Miscellaneous

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