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In modern society, it is evident that the globalization of business worldwide has had an effect on production possibilities. Globalization can have a very positive outcome on developing countries, and can be seen as first world nations lending a helping hand to economically suffering countries. However, companies that expand to a multinational level have been accused of exploiting lower income nations. North America is so advanced economically, that companies have been able to understand how to capitalize on international business opportunities. The board of directors of multinational corporations have power and control when deciding how to maximize business profits. “One consequence of the global economy is that a small number of businesses, operating internationally, now control a vast share of the world’s economic activity. According to one estimate, the six hundred largest multinational companies account for one half of the world’s economic output” (Kidron & Segal,......

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Approximate Word Count: 2207
Approximate Pages: 9 (250 words per double-spaced page)

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