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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,......

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Approximate Word Count: 341
Approximate Pages: 2 (250 words per double-spaced page)

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