Globalization And Transnational Corporations

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