Transnationals and Globalization
Transnationals and Globalization

Summary/Abstract: Globalization means an increase in interconnections or interdependence, a rise in transnational flows, and an intensification of processes such that the world is, in same respects, becoming a single place. Although several political and economic entries spur globalization it is especially the rise of transnational corporations that shapes globalizing process. Transnational companies are truly the servants of demanding consumers around the world. Because they span national borders, many transnational corporations are less concerned with advancing national goals than with pursuing objectives internal to the firm- principally growth, profits, proprietary technology, strategic alliances, return of investment, and market power. But a national economy cannot remain competitive unless transnational companies that sell and conduct business in it also contribute to its research and technology base, employment, manufacturing capabilities, and capital resources.

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