Globalization and Transnational Corporations

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GLOBALIZATION AND TRANSNATIONAL CORPORATIONS

Economic integration as a hallmark of globalization
FDI increase
Increase of international currency transactions
Growth of marginal courtiers
Global blessing or contagious disease?
Asian crisis
Capitalism not yet fully globalized?
Core of the economy –30 countries: Asian Pacific, Western Europe, North America •Geopolitical changes: Soviet Union demise
Unequal development of technology
Global labor, multinational companies and human right
Humanitarian concerns in Asia
Authoritarian governments’ pacifying policy
“ Globaphobia ”
US and Western European wages and jobs

WAWASAN 2020 by William Greider
Corporations’ thirst to reduce costs
Political transactions of poor countries against the principles of free market •Special favors in commerce: state subsidies, exemption form taxation, government suppression of workers, no import duties. •Primitive cultures and modernity

Multinational corporations and the problem of insecurity •Global jobs auction

THE JOYS OF GLOBAL INVESTMENT by T.C. Fishman

The movement of American money into stocks across borders( increase by 600% to $1.5 trillion in 1994) •Investing in international stocks directly, through mutual funds or pension accounts. •Two new products: global funds, and international funds •The assets of those funds (growth from $ 5.2 billion to $ 264 billion in 1996) •Stocks and international investors in former Eastern bloc, Asia, Africa •Collective greed and collective fear

US and Western European economic growth vs. the rest of the world •China 2020
Labor and environmental problems of the corporations

DOES GLOBALIZATION LOWER WAGES AND EXPORT JOBS? By M. Slaughter and P. Swagel

Global integration: expansion of...
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