When borders don't matter: development and global culture - Globalization and disquiet - Multinational corporations
3 important questions on When borders don't matter: development and global culture - Globalization and disquiet - Multinational corporations
What enabled Western businesses to dominate the process of global integration during the nineteenth century?
During the nineteenth century, the advent of railroads, steamships, and the telegraph enabled Western businesses to dominate the process of global integration.
What was the favorite destination for Western outsourcing?
- During the 1990s, for example, former Soviet-dominated Eastern European countries became a favorite destination for Western outsourcing.
- Wage levels were not as low as those in South and East Asia, but they were approximately one-third of averages in Western Europe, and proximity to the West meant lower transportation costs.
What power did multinationals have?
- By 2020 approximately 80 percent of all global trade was driven by multinationals.
- While no longer wielding direct military power or controlling territory, massive economic might translated into political influence where these giant companies established a presence.
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