Blog Assignment 4: What is the relation between economy and globalization? - YIHUA WANG
Summary Emphasized the importance of multinational corporations in the global economy. It emphasizes the diversity and global activities of multinational corporations, pointing out that they are the main participants in the global economy. The article mentions that the development of multinational corporations is a part of economic globalization, with their numbers increasing exponentially over the past few decades, from historical franchising companies to modern manufacturing companies. The article also introduces the scale and geographical distribution of multinational corporations, pointing out their important position in the global economy, especially in foreign direct investment. Finally, the article mentions that multinational corporations come in various forms and sizes, including global corporations and smaller multinational corporations. Interesting point The main motivations for multinational corporations are market orientation and asset orientation. Market orien...