In what ways has globalisation helped multinational corporations coordinate and control their business functions on a global scale. 'Globalization' is commonly used as a shorthand way of describing the spread and connectedness of production, communication and technologies across the world. That spread has involved the linking of economic and cultural activity. Globalization in the sense of connectivity in economic and cultural life across the world, has been growing for centuries. However, many believe the current …
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showed last 75 words of 686 total
…to attain or maintain a competitive edge in global markets. (6) ofi Annan said in his address to the World Economic Forum, Davos Switzerland, January 28, 2001, "If we cannot make globalization work for all, in the end it will work for none. The unequal distribution of benefits, and the imbalances in global rule making, which characterize globalization today ... will unravel the open world economy that has been so painstakingly constructed over the course of the past century." (7)