scispace - formally typeset
Search or ask a question

Answers from top 14 papers

More filters
Papers (14)Insight
Current analysis of the ‘globalization’ of the activity of capitalist corporations tends to argue that the legal institutional frameworks of the nation state are of little importance in determining the governance of those corporations, and that the regulation of those corporations therefore is impossible.
These corporations have brought enormous benefits—indeed, many of the benefits attributed to globalization, such as the closing of the knowledge gap, the gap between developing and developed countries which is even more important than the gap in resources, are due in no small measure to multinational corporations.
This development affects not only big corporations, but also medium-sized and even small enterprises in the meantime.
The findings suggest that a focus on the transvergence perspective can be an important addition to our understanding of how globalization can affect firm behavior and result in new business strategies.
There is little doubt that globalization – the integration of markets, capital, nation states and technologies – represents a major paradigm shift that impacts corporations and their managers, and that multinational corporations have to face several new challenges.
How the state responds when globalization is intensifying will have a significant impact on its capacity to respond should globalization stumble.
We find that this period of neoliberal globalization influences work because of intensified activities of multinational corporations (MNCs), financialization of the global economy, and amplified prominence of international organizations, some of which diffuse neoliberal policy scripts while others mobilize a transnational civil society.
The argument of this paper is that systematic study of major corporations from the Third World is important for debates about the national bourgeoisie, comprador capitalism and the controversy that currently surrounds the contentious concepts of the developmental state and globalization.
Open accessOtherDOI
Sierdjan Koster, Charlie Karlsson 
30 Sep 2010
15 Citations
The main conclusion of this review is that there is very little concrete understanding about if and how globalization actually impacts on new firm formation.
It is statistically found that overall index of globalization may affect the rate of growth.
The fundamental defect of global society today is not that the reach of corporations is too big, but that our ability to govern is too small.
This article argues that there is a genuine process of globalization taking place among the "Fortune" Global 500 corporations domiciled in California.
It concludes that globalization can lead to benefits or harms, depending on the interrelationship of how it is practiced and the contexts of host countries.
We conclude that despite the proliferation of research on the consequences of globalization, there is no solid consensus in the relevant literature on any of these questions, largely because scholars disagree about how to measure globalization and about how to draw causal inferences about its effects.

Related Questions

Impact of globalization?5 answersGlobalization has had a significant impact on various aspects of society, including the economy, culture, and social relationships. It has led to increased economic, social, and cultural connectivity and integration on a global scale. This has resulted in the spread of Western culture, the rise of cultural diversity, and the blending of different cultures. Globalization has also affected family composition and structure, leading to changes in traditional family units and social relationships. While globalization has created opportunities and advantages, it has also brought about challenges such as inequality, cultural erosion, and environmental degradation. Efforts should be made to preserve local cultures, promote diversity and equity, and bridge cultural gaps through cultural education and understanding. Additionally, it is important to analyze the substantial effects of globalization on culture and society to ensure a sustainable and inclusive future.
What is the effect of globalisation on the modern business environment?4 answersGlobalization has had a significant impact on the modern business environment. It has led to the intensification of foreign trade, which is crucial for economic growth and business internationalization. The transition to an information society, driven by globalization, has brought about changes in the internal trade of countries, with an increasing share of electronic commerce. This has resulted in the development of new channels of distribution and the utilization of untapped potential opportunities in economic activity. Moreover, globalization has altered the organizational structure of companies, with a shift towards more flexible structures that embrace change, decentralization, teamwork, and continuous learning. It has also necessitated the adaptation of business strategies and operations to navigate challenges such as increased competition, cultural differences, and geopolitical risks. Overall, globalization has both positive and negative implications for international business, requiring companies to adopt a tactical and adaptive approach to thrive in this dynamic landscape.
Impact of Economic Globalization in business industry??5 answersEconomic globalization has a significant impact on the business industry, leading to changes in competitive environments and the models of industry competition. It has resulted in the internationalization and transfer of business activities across different geographic locations, creating opportunities for cooperation and business connections. However, it also poses risks and challenges, such as poor governance and violation of worker safety regulations, which increase the likelihood of major industrial accidents. The globalization process has been ongoing for centuries, driven by the recognition that business and profits do not recognize borders and national characteristics. This process has led to the redefinition of company boundaries and the fragmentation of value chains, as companies adapt to the pressures of competition through offshoring, outsourcing, and redefining their core activities. Overall, economic globalization has both positive and negative effects on the business industry, requiring careful analysis and consideration of the associated risks and benefits.
What are the effects of globalization on business?5 answersGlobalization has had significant effects on business. It has led to an increase in the circulation of goods, services, and financial arrangements across the world, with both publicly and privately held corporations pursuing business opportunities globally. The transition to an information society and the active use of digital technologies have also impacted business, increasing the share of electronic commerce and changing the distribution channels for goods and services. Additionally, globalization has made managers more globally oriented and has facilitated virtual interactions among people from different cultural backgrounds. The spread of manufacturing across the globe due to globalization has driven competition and increased consumer demand, leading to a focus on sustainability practices such as Green Supply Chain Management. Furthermore, globalization has created both opportunities and threats for international businesses, necessitating adjustments and resolutions in the globalized business environment.
How globalization affects human resource?5 answersGlobalization has a significant impact on human resources. It creates pressures for the adoption of transferable HRM practices that can spread worldwide. Globalization brings both positive and negative consequences, affecting various aspects such as culture, economy, social, politics, and ideology. The international management of human resources has become a challenge due to cultural differences and intercultural conflicts. There is a close relationship between globalization and human resource development, as indicated by the correlation between the Globalization Index and the United Nations Human Development Index. Globalization has led to positive effects in the domain of human resources, including increased awareness and improved performance. Overall, globalization influences human resources by shaping HRM practices, impacting cultural dynamics, and driving the need for intercultural management and development.
How has globalization impacted global markets?5 answersGlobalization has had a significant impact on global markets. The increase in global trade and the globalization of markets and production have led to an interdependent and integrated global economic system. While trade globalization has stalled since the Global Financial Crisis (GFC), financial globalization has continued to increase, particularly through US dollar hegemony. This has resulted in increased correlation among global equity markets and reduced efficacy of geographic diversification, concentrating exposure to US monetary policy shocks. The implications of globalization on global markets include the need for businesses to adapt to international accounting practices, strategic choices, cultural issues, and political risk factors in various countries. Additionally, globalization has led to comprehensive foreign competition in global markets, increasing international competition. Overall, globalization has transformed global markets by breaking down barriers to trade and investment, increasing interdependence, and presenting both challenges and opportunities for businesses and investors.