INTERNATIONAL RELATIONS
International Relations: Globalization and Multinational Corporations
Globalization could be defined as companies global expansion to reach global consumers with their products and services (Kyove et al., 2021). This has enabled the spread of technology, communication, and employees from one geographical location to another. It was through this method that international trade became progressive. It gave rise to joint ventures, mergers, acquisitions, etc.
Multinational corporations (MNCs) have impacted how globalization has expedited over time. Trade, foreign direct investment (FDI), and other relevant cross-border communication channels have fueled the way business had been operating hardly a decade ago. The growth of a countrys economy where they operate have observed boosting as the transfer of skills and technology has been remarkable.
Two categories of international trade have been seen when MNCs vigorously played their part in globalization: transnational trade and financial trade, which mainly came from technological change (Kenya, 2020). The trading system dramatically changed business operations and amplified the
tries hard to impose their demands while the workers are not ready to accept them.
Creation of unwanted pollution and being less of corporate socially responsible sometimes land them in hot waters. MNCs ethics and morals are questioned because they do not seem to deliver to society what they initially promised. Since the developing countries are weaker and looking forward to growing, they might be ready to compromise on some factors that MNCs take advantage of. It is when MNCs try to enforce their culture on developing countries employees and complicate the dimensions of cultural diversity. The dilution of the local richness is somewhat felt by the host countrys employees,…
